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PRICE $1,800,000 dsIDX morgage calculator
SIZE n/a
LOT SIZE 10,890 sqft

Welcome to the perfect real estate investment property... This property is rented entirely to one tenant who is responsible for most property Maintenance & Expenses with the exception of major property repairs, property insurance policy and property taxes. Tenant has a halfway house business for Rehab patients, (NOT INCLUDED) It serves between the initial medical rehab and going back to independent life to avoid relapse. Tenant is on a 5-year lease with 2 more years left and is absolutely interested in staying for far longer than that. This property has 8 units all 2/1's, Making $132,000 Yearly ($11,000 per month) has $34,747 Yearly Expenses, and Netting $97,253. The current Cap Rate is 5.4% The halfway house License is worth over $100,000 and it is attached to the property



ADDITIONAL DETAILS
AIR CentralAir
AIR CONDITIONING Yes
AREA 3341
CONSTRUCTION BLOCK
HEAT CENTRAL
LOT 0.25 acre(s)
SEWER PublicSewer
TAXES 22491
WATER Public
MORTGAGE CALCULATOR
   

TOTAL MONTHLY PAYMENT

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CONTACT US ABOUT 1001 PINE DR #1-8
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Listed with Galleria International Realty
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