Attention professional investors! Here is a great opportunity for a solid performing property with decades of performance. This 13-room property was once used as a convent for a local church. Why is that important? Two reasons: It was set up to house a lot of occupants as evidenced by the sprinkler system, multiple stair cases, multiple bathrooms and dormitory style 3rd floor bathroom, and most importantly use. This is legally zoned/licensed. The numbers simply speak volumes. At the current list price, a 20% return should certainly grab your attention. Major investments include a new boiler system to be installed in October, full roof replacement in 2019, most windows have been replaced, annual sprinkler system testing/maintenance, metal rear fire escape and 2 new water heaters in 2010. Property is presently vacant for new operator.
Listing courtesy of RE/MAX Realty Associates. Contact:
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