5426 18th St W - Price Reduced-Motivated Seller-Negotiable

Seller Financing Seriously Considered - Open to Offers
Investment Highlights
• Motivated Seller--Open to Offers
• With a 3 Year Lease term (Approx 10 months remain) in place for the main building and an active
Assisted/Independent Living Facility as the tenant, the ability to lease the remodeled (new roof & interior) existing cottage (approx 1,100 SF) and create an additional flow of rental income (approx market rent of $1,500/mo.
There is also a vacant lot at the Northern front end of the property and future expansion or new construction are possibilities with county approval.
Tenant is responsible for all Utilities, Real Estate Taxes, Landscaping, Interior Improvements and Repairs and Insurance.
Ownership/Landlord is responsible for roofing, structural, etc. In essence a Net Lease
This is a fantastic and rare opportunity to acquire a multi-faceted investment including an Assisted Living Facility on a 3 year lease.
The ownership put in a brand new 22KW Generator with 200 AMPs in 2019. This $40k+ improvement comes with a 5 year warranty.
Plenty of area for serene outdoor settings are on this .44 acre site as well. Featuring a large, shaded backyard garden area with majestic Oaks providing the canopy, and storage sheds, as well as additional land and a 2nd building on the south side of the property. Providing plenty of room for future expansion. And easy conversion to additional rooms or staff housing.
Call Dreznin Pappas Commercial Real Estate @ 941-961-8199 today to schedule a tour of this amazing property and see how your vision of future success looks!