$1,420,270
For Sale
South Coast Rent Roll
OVERVIEW:
Rent Roll of approximately 253 properties
RENT ROLL:
Approximately 226 Residential properties
Approximately 16 Commercial properties
Approximately 11 Shed properties
Annual income from Management Fees and Rent Collection of $478,788.27
Extra income from fees & charges $42,921.19
Average Annual Management Income (AAMI) per Residential property is $1,986.66
Average Annual Management Income (AAMI) per Commercial property is $1,756.07
Average Annual Management Income (AAMI) per Shed is $155.02
Residential Rent Roll: $1,346,957.89 or $3.00 per $1.00 Income
Commercial Rent Roll: $70,242.63 or $2.50 per $1.00 Income
Shed Rent Roll: $3,069.45 or $1.80 per $1.00 Income
TOTAL ASKING PRICE FOR RENT ROLL: $1,420,269.97
BROKER’S NOTES:
This well-positioned and sought-after South Coast Rent Roll has a strong AAMI of $1,986.66, and higher than average management fees of 8.18% with the highest being 11.82%.
There are staff available to transition with this mid-size rent roll, immediately taking your agency to the next level. With solid ancillary fees, and a 56/44 split configured between houses and units, the RR boasts low multiple owners.
Not many opportunities in this region present themselves, and even less with this size, consolidated spread and returns.