2 TURNKEY AIRBNB RENTAL PROPERTIES WITH $250k R/E for Sale in Hallandale, FL

Price: $379,000

Location: Hallandale, FL

Industry: Property Management

Listing ID: 42738089

Listing Status: New

Description

Amazing opportunity to invest in the South Florida real estate market AND buy an established rental business at the same time. The owner is moving out of the country and is looking to dispose his fee-simple ownership of two (2) rental units in Hallandale Beach, FL. Recent real estate appraisals have valued each unit at $125,000, for a bare bones value of $250,000. Both units come fully furnished with roughly $20,000 of furniture, and $10,000 of unit improvements. Due to the owner's fantastic reputation with AirBnB, these units come complete with a $1,000,000 inusrance policy for every stay, as well as preferential marketing and advertisement on the AirBnB website. Owner has expressed that there is opportunity to increase prices in this market and turn this investment into a 90% passive CASH COW. Owner has established the coveted AirBnB SuperHost status and a 4.8 star renter rating which comes included in the value of the business. Units are fully booked for this season, with reservations as far as next holiday season. Accounts receivable to be transferred to new buyer. Units are usually booked 3 months in advance. Walking distance to Wal-Mart, CVS, Starbucks, and Town Plaza. Beach is 10 minutes away. Because of 3 years of SuperHost status, AirBnB covers the hotel tax and sales tax, as well as the $1mil insurance policy. Owner pays utilities (~$350/month per unit- included in financials as COGS) and taxes ($1,936/year). Mostly families and couples renting in this area. Great opportunity for someone who wants IMMEDIATE cash flows from an ESTABLISHED business that can be operated on the side. 75% FINANCING AVAILABLE.

LISTING DETAILS

Down Payment: $379,000

Total Sales: $47,279

Cash Flow: $36,943

EBIT: N/A

EBITDA: N/A

Accounts Receivable: N/A

FFE: N/A

Inventory: N/A

Operation

Year Established: 2017

Non-Owner Payroll: N/A

Location

Real Estate: N/A

Monthly Rent: N/A

Type of Location: Apartment unit

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LISTING OWNER