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Short Term Rental Contract In Alexandria For Sale

Alexandria, Virginia, US
Asking Price:
$38,000 (USD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$30,925 (USD)
Cash Flow:
$10,000 (USD)

The owner of a short term rental business is selling the contract for one apartment in Old Town Alexandria. The landlord is aware of the business model and there is potential to acquire more. The owner operated at 50-56%occupancy. A great opportunity for the right person who can maximize profits.

Apartment is 2 bedroom 1 bathroom appx 800sqft in a walkable part of the city. Centrally located. Revenue shown is from the unit is within 7 months of being active.

New owner will take over furnishings, systems, insurance, cleaner and online listing with over 31 reviews - currently showing 5 star avg rating. The apartment is fully furnished and new owner would take the existing inventory as well.

Keywords:
Vacation rental
Property management
Airbnb business
Corporate housing
Short term rental
Short-term rental
Fully furnished housing

For more information, please contact us by using the form below.

Property Information

Real Estate:

Lease

Lease Terms:

Lease amount is based on 10 months rent for unit 1, 13 months left in the lease with high possibility of renewal from the landlord. Monthly lease for the apartment unit 1 is $2,495. Deposit($1k) and last month ($2,495) is not calculated here.

Leasehold Rent:

$24,950 (USD) per annum

Location:

Converted apartment from a townhouse in old town alexandria, va

Premises Details:

The business is ran mostly online with the occasional errands. The option to bring on a property manager to be hands off. There is parking restrictions but not for residents.

Size in square feet:
800
Planning Consent:

Permissions can be organized at the new owners request.
Option to take over systems:
Listings on Airbnb and Vrbo
Zapier
Text Message Service
Cleaner
BeyondPricing
Ring subscription
Minut subscription
Electric utility bill
Xfinity Internet

Business Operation

Expansion Potential:

The new owner has the opportunity to maximize the occupancy, redesign the unique parts of the apartment to make more attractive to guests, creatively use the space for other means outside of overnight stays, take better quality pictures, update the description, provide a guidebook, increase business by acquiring the other 3 units in the multifamily for a total of 4 units.

Competition / Market:

Others offering short term and long term stays in the area

Reasons for selling:

Focus on other businesses

Trading hours:

24/7 operation

Employees:
2
Years established:
10 months

Other Information

Support & training:

2 weeks of training

Furniture / Fixtures value:
$12,000 (USD) - included in the asking price
Inventory / Stock value:
$2,000 (USD) - included in the asking price
Website:
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Home based:
This business can be run from home.

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