Chase St. Sober Living
Luxury Sober Living Home, Appraised Above Investment Listing Price
Marketing description
This 4 bed/5 bath luxury residence with ADU is leased for seven (7) years with a five (5)-year renewal option to an established sober living homes business. $1,000,000 remaining lease value. The lease is guaranteed and the property is managed and warrantied by the builder, Vertex Homes. A quick walk to the beautiful Panorama Park, the property has sweeping views of the mountains and is near amenities, a grocery store, and public transportation. Additional investment opportunity available, please call broker for more information.
Investment highlights
Luxury property with 500 SF ADU
Gross income $12,000 per month; strong tenant with 7- year lease term plus 5-year extension
2-car garage and driveway
The builder leases, manages and warranties the property
Mountain views
Close walk to amenities and public transportation
Price: $2,100,000
Property Type: Specialty
Sale Type: Investment
Cap Rate: 6.56%
Lot Size: 0.14 Ac
Gross Building Area: 3,156 Sf
No. Stories: 3
Year Built: 2023
Parking Ratio: 0.63/1,000 Sf
Zoning Description: R-1c
APN / Parcel Id: 39-251-14-021
Walk Score ®: 55 (Somewhat Walkable)
Transit Score ®: 37 (Some Transit)
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