11055 E GROVE St Mesa, AZ 85208CASH FLOW PROPERTY SENIOR LIVING FACILITYCash Price: $385,000.00 plus $20K feeCAP RATE: 9.11%???????BED: 10BATH: 3GARAGE: 2 (Slab)SF: 2,358 sqftLOT: 34,878 sq ft.???????BUILT: 1988POOL: NOHOA: NOAPN: 220-75-018TAXES: $1,669 (2015)ALMOST NO REPAIRS NEEDED: Buyer to verify...CROSSING STREETS: Signal Butte & Southern AveACCESS: OCCUPIED. Please call for appointment.??????????????This is an SFR Assisted Living Facility with a 5 year Triple Net Lease in place.Tenant is responsible for all property expenses)New owner to pay only the Property Taxes ($1,669 in 2015)Current tenant is stable and already been in place for the last 5 years.Great opportunity for a stable Cash Flow.Tenant says that he wants to keep the property at the end of the present lease.
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