Independent Living Apartment House

Business Summary:
Independent Living Apartment House For Sale For $399,000. Independent living apartment house (3 apartments) designed to accommodate adults with slight psych disorders. This is not a health care facility but an independent living situation where the residents are on their own most of the time with the property owner having minimal responsibilities to assure their well being. Income varies but generally averages $550 per month per resident with a maximum occupancy of 12 residents possible. The building is approx 4300 sq. ft. with a very nice landscaped yard and parking off street for 3 cars (residents do not have cars). No staffing is required nor are any special licenses, this is a rental situation with you the owner simply acting in a supportive capacity. Present gross income per month is $7,000. Rent includes heat (you control settings), electric, miscellaneous. All residents are currently followed by a mental health agency or the VA. Great income generator with minimal work. Sale includes property valued at approximately $220,000.