Property Management with Renovation Division

Serving Milwaukee to Kenosha for over 15 years, they take pride in having less than a 3% vacancy rate; plus, there are contracts in place to onboard an additional 3,000 units in###-###-#### Due to the expected growth – the current owner would like to bring on a strategic buyer. This property management company has a strong client base made up of Property Investors, focused in multifamily apartments. They have a sister company that performs all maintenance and can fully rehab any units needing tenant improvements, making this property management firm very unique. The owner oversees his leadership team and will do some site sourcing, as he still finds that enjoyable. His teams handle the day-to-day operations. The well-developed leadership team includes a CFO, one Senior Vice President handing property management, and another Senior Vice President controlling the construction division. There are also 3 Property Managers, 4 in Maintenance, and 1 Office Administrator. The acquisition includes about $450K in assets and boasts a healthy sales pipeline with growth and projects in Austin, Texas. Asking $3,900,000 with only 10% down from the buyer and 60% from a lender. As a show of good faith and vested interest in the ongoing success of the company the current owner has offered to roll equity for up to 30%. The upcoming growth coupled with a 30% profit margin makes this streamlined property management business a great opportunity.