Description
Wonderful 3 bedroom 2 bathroom open floor-plan home used as a licensed Residential Care Facility. Leased at $3145/mo. In middle of 5 year lease (ends 12/31/25) with annual escalation clause of 5%. CAP rate of 5.3%. Tenant/operator (Teresa's Quality Comfort Care) has been great and would love to stay long term & is willing to renegotiate a new 10 year lease now. Great and large family room, kitchen & dining room. Dramatic vaulted ceilings & lots of natural light. LVP flooring throughout most of home. Mirrored closet doors. Refrigerator, washer & dryer. Spacious & low maintenance yard with free-form aggregate patio and raised block-wall gardening area. Shed on side yard. 2 car garage and extra-wide driveway. Do not disturb current tenants. (Pictures are from before current tenant moved in and once they were ready for residents to move in.)
Location
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Updated: 10th June, 2023 1:19 PM (UTC)
Updated: 10th June, 2023 1:19 PM (UTC)