Approved Multifamily Living Opportunity - 8 Rainbow Ln.
Former Oak Grove Manor Assisted Living
Marketing description
Investment Opportunity!
This opportunity in a serene setting is ideal for investors seeking strong income potential and long-term value. Nestled in a peaceful location with stunning views, this fully furnished property offers 14 units across a thoughtfully laid-out complex.
The property features:
6 private units with half baths
7 private units with full baths
1 spacious private apartment – perfect for an owner-occupant or onsite manager
Currently configured for comfort and functionality, this is income ready from day one. All rooms come fully furnished, with furniture included in the sale.
Property highlights include:
Communal living and recreational areas for tenant engagement and flexibility of use
Three large shower/laundry/saloon room with potential for conversion or additional amenities
Commercial-grade kitchen suitable for shared use
Lush, landscaped outdoor areas offering relaxation and curb appeal
· Two detached 3-car garage outbuildings provide ample storage, including backup furnishings to support tenant turnover or upgrades.
· Private Office for management purposes
Investment highlights
This has been well maintained since its closure as an assisted living home in 2022. All maintenance documents, inspections and a pnl is available to view at your request.
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