$12,002 - 12-Unit Value-Add Special Purpose Building

This is a master-lease for a 12-unit property, which was previously utilized as an assisted living facility. Once the property is leased, it may be rented out on a per-unit basis. This is only available as a master lease for the entire property. The property is contiguous with an elementary school/child daycare center and provides a synergy with certain uses in mind. This property provides a value-add opportunity to upgrade and operate a well-located ALF or special education facility. ***All permitted uses will be considered except for those not conducive to the contiguous daycare.*** Much of the heavy lifting has been done with impact windows, renovated bathrooms, and updated kitchens. The property is being rented on a net basis with the tenant being responsible for taxes, insurance, and maintenance.