I am selling my sub-lease interest in a position that I own in Palm Springs, California, The land is situated on 51 condominiums of which they pay $300 a year for their lease land. The lease is a 98 year lease from 1959 which is set to expire in 40 years -2057. I net each year approximately $7,500 each year for about 25-30 hours a year of work. Minimally if homeowners due nothing, the lease will run out in 2057 and I collect $300,000K (40 years x 7,500). This investment is ideal for someone desiring to have a reoccurring perpetual income stream with very little work needed or the potential for a buy-out if the homeowners have a desire to purchase it outright. I have owned my position for 16 years and wish to sell my interest due to focus on other business interests.
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