This property is currently leased out to an operating who has a 5-year lease. Tenant is about to enter their 3rd year of the lease. Rent Caps at $9000 per month on the 5th year. Tenant has two 5-year options to extend subject to CPI increases. Great Investment property with very little to no maintenance obligations. Property was completely remodeled in 2016 and is licensed as a Congregate Living Health Facility (CLHF). Landlord was very detailed and left no stone un-turned for this remodel. Property is equipped with fire sprinklers, fire alarm system, back-up generator, nurses call system, central ethernet connections, commercial a/c and tank-less water heater system. Property consists of wide hallways, open common area, six large bedrooms, three walk-in showers and one staff restroom.

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Overview

  • SubdivisionOther (OTHR)
  • Year Built2016
  • Lot Sq Ft10395
  • HeatingCentral
  • CoolingCentral Air
  • WaterPublic

Features

    • Security
    • Floor Coverings