FINALLY!!! A rental property has come available with a great rate of return. The existing tenant has been here for years with an Elder Care facility. The are paying $2500 per month, on a triple net lease, thus the tenant takes care of all interior maintenance and utilities. The owner only deals with the exterior and property taxes. The rate of return is about 7%, which is nearly double of what investors are getting in this market. This single story property is in a great location with low taxes and no HOA.
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