Apartments For Sale
17,500 Sq Ft
Completely rebuilt from the ground up! Over $800k invested into rehab of this property.
Property is fully master leased to a Sober Living "Rehab" facility that assumes all cost of operations and tenders monthly rent in a lump sum $9700 payment at the beginning of the month. Master lease is a NNN lease (tenants pay for all bills including insurance!) all landlord pays for is taxes at the end of the year. No management, just automatic cashflow. Three more years on lease (lease expires Oct 2021). All spacious 12 units are 2 bed 1 bath. All units are brand new with wear-resistant luxurious materials. Plenty of parking spots with surrounding perimeter privacy fence and automatic electronic gate. Located only 7 minutes away from downtown, next to major highway system and commercial centers. This property is positively cash-flowing with little effort. Great opportunity for Turnkey investors looking for cashflow with minimum management!