
157 South 800 East
Currently a Boarding House, could Be a Hostel or a Group home facility. Properly licensed
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Investment highlights
RENTS ARE LOW! IN MANY CASES THEY HAVE NOT BEEN RAISED IN 5 YEARS PLUS The property was originally designed and built as an elderly care facility. For th past 30 plus years it has been licensed and operated as a boarding home. There is a two bedroom and one bath apartment on the main floor and a one bedroom one bath apartment on the main floor. The 2nd floor has 8 one room units that are individually leased out. tenants are typically long term ranging from 1 year to 20 plus years. The second floor single unit rooms share 2 common full baths and share a common kitchen.. The architectural shingle roof is approximately 15 years old. The boiler was recently replaced with a $30,000 high efficient system. the building has a built in water suppression (fire) system from original construction. OFF STREET PARKING IS AVALABLE1
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