Description
Welcome to your next investment opportunity! This licensed Sober Living property is a fantastic chance for passive income, with a current cap rate of 7.2% based on actuals. Located in a desirable area, this property is licensed for up to 5 residents and has been recently updated with modern finishes.
The owner pays the HOA fees, property taxes, and home insurance, making this a worry-free investment. With a 5-year lease already in place starting on 2/1/2023, you can start earning rental income immediately.
Whether you're an experienced investor or new to the game, this Sober Living property is a smart choice.
Location
The ARMLS logo indicates a shared property that may be listed by a real estate brokerage other than the Russ Lyon Sotheby's International Realty. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright 2022 Arizona Regional Multiple Listing Service, Inc. All rights reserved. Updated: 21st September, 2023 10:44 PM (UTC)
Listing Office: W And Partners, LLC
