4 never available properties for sale as package only
4 baltimore city investment homes for sale as package only. These are occupied by licensed assisted living businesses. The yearly income is 65400. The assisted living occupancy does several things for the investor to guarantee the rent of 5450 per month+all utitlities are paid every month, that a conventional tenant does not.
1. the amount invested by the assisted livings to gain the license is lost should the rent not get paid and the business be evicted from the house as the licenses are attached to the house specifically and are non transferable. The investment is 5 figures per house.
2. The amount being made by the assisted livings pales in comparison to the rent owed to the investor. Rent as a result is a non issue
3. Water is also paid by the tenant.
4. The tenant is required to carry personal liability insurance.
5. Tenant has a 3 year commercial lease, with muliple renewal options, each with rent increases built in.
6. Tenants have personally guaranteed leases. And have considerable assets.
OVERALL, THESE HOUSES WILL HAVE ZERO VACANCY. Avg rent per house is 1362.50 per month + water paid. The investment guarantees the rent and the licensure the condition of the house.
Yearly income = 65400. NO VACANCY. THIS IS AN INVESTMENT OPPORTUNITY RARELY FOUND OR OFFERED.