Great Income Generated Property With Real Estate For Sale

Business description

This great income generating property has been established for over 6 years, has a great customer base and is well known in the occupying territory. Take of advantage on investing in such well established, charming and successful unique business. The business offers 15 spacious rooms including 3 master bedroom on each floor. The renters enjoy private, well kept full size kitchens on each floor, including refrigerators and stoves, and meeting area on first floor. Building located in down town of Riverside, only minutes from the Historic District, Mission Inn, and recreation centers.. Property Features :The building (house) was built in 1903, and has 4,227 sq. ft. of living space in a beautiful 8,470 sq. ft back yard and parking spots. R-3 zone. It operated as a Chapman House till 2002, and then sold to current owner (with over 40 beds), and after extensive remodeling/refurbishing, reopened as a income generating property in 2003, and has run continuously since.

Property information

Real Estate:

Real Property Included

Location:

Riverside, CA

Premises details:

Business offers 15 spacious rooms (one tenant in each room), including 3 master bedroom on each floor. The renters enjoy private, well kept full size kitchens on each floor, including refrigerators and stoves, and meeting area on first floor.

Size in square feet:

4,224 sq. ft

Other information

Expansion potential:

There is sufficient property and room to grow in terms of additional beds and using this property as a sober living facility

Planning consent:

Property Features :The building (house) was built in 1903, and has 4,227 sq. ft. of living space in a beautiful 8,470 sq. ft back yard and parking spots. R-3 zone. It operated as a Chapman House till 2002, and then sold to current owner (with over 40 beds), and after extensive remodeling/refurbishing, reopened as a income generating property in 2003, and has run continuously since.

Competition / Market:

No competition on the market. Most renters properties, not including this one, in particular, are surviving / thriving in these difficult economic times. This busines has positive cash flow every month, with no vacancy at all.

Support & training:

The current owner will provide all training, support, and transition necessary for a smooth and orderly changeover- up to 4 weeks part time in case if new owner would like to extend business and use it as sober living facility for over 40 beds.

Reasons for selling:

Cash to buy.

Trading hours:

The current owner will provide all training, support, and transition necessary for a smooth and orderly changeover- up to 4 weeks part time in case if new owner would like to extend business and use it as sober living facility for over 40 beds.

Related documents:

• 
• Flyer

• 
• Income and Expense Report