Description
This is a converter nursing home into an income producing efficiency apartments and is turn key. It is already running smoothly and current manager is a keeper. Start making money Day 1. Total number of RENTAL UNITS: 67 efficiency rooms with 49 equipped with a 1/2 bath. Plenty of parking, secure front door, furnished rooms, upgraded fire alarm system, recent electrical updates community kitchen and more. Each room is approximately 17x18 (306 sq.Ft ). Possible income statistics: 67 rooms x $600/mo=$40k per month. Owner says he has several long term tenants and maintaining about 85%+ occupancy, with also earning approximately $1200 per month with coin-op laundry. There is additional income opportunity with 28 interior storage closets that could be used as rentals. Plus vending machines with soda, snack, toiletries. Zoned Commercial with various income producing options available, sits on 1.7+/- acres. Easy assess to SPID freeway, near public transportation, schools, shops and more.
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0BEDS
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1.7ACRES
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0BATHS
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01/2 BATHS
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27,380SQFT
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$44$/SQFT
School Ratings & Info
Description
This is a converter nursing home into an income producing efficiency apartments and is turn key. It is already running smoothly and current manager is a keeper. Start making money Day 1. Total number of RENTAL UNITS: 67 efficiency rooms with 49 equipped with a 1/2 bath. Plenty of parking, secure front door, furnished rooms, upgraded fire alarm system, recent electrical updates community kitchen and more. Each room is approximately 17x18 (306 sq.Ft ). Possible income statistics: 67 rooms x $600/mo=$40k per month. Owner says he has several long term tenants and maintaining about 85%+ occupancy, with also earning approximately $1200 per month with coin-op laundry. There is additional income opportunity with 28 interior storage closets that could be used as rentals. Plus vending machines with soda, snack, toiletries. Zoned Commercial with various income producing options available, sits on 1.7+/- acres. Easy assess to SPID freeway, near public transportation, schools, shops and more.