Description
This is a business opportunity offering a transitional housing program to those exiting incarceration. If you are looking for residential income properties, consider this alternative. The program has space for 8 participants at a time. The offering includes the real estate (a 4 bed 2 bath 1652 sf home). Participants pay monthly participation fees of $600 per participant. $4,800 per month of income. Expenses average roughly $400-500 per month. $4,300-4,400 per month cash flow to owner ($51,600 per year). Compare this business opportunity to a residential investment property. This opportunity is offered at an equivalent to an 8%+/- cap rate. Assessed Value is $267,000.
Directions: from I-84 take 10th Street S to Chicago Street. W on Chicago St then N on N 6th St to Denver. W on Denver to address.
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4BEDS
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0.14ACRES
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2BATHS
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01/2 BATHS
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1,652SQFT
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$393$/SQFT
School Information
Courtesy of KW Commercial at 208-475-1313.Description
This is a business opportunity offering a transitional housing program to those exiting incarceration. If you are looking for residential income properties, consider this alternative. The program has space for 8 participants at a time. The offering includes the real estate (a 4 bed 2 bath 1652 sf home). Participants pay monthly participation fees of $600 per participant. $4,800 per month of income. Expenses average roughly $400-500 per month. $4,300-4,400 per month cash flow to owner ($51,600 per year). Compare this business opportunity to a residential investment property. This opportunity is offered at an equivalent to an 8%+/- cap rate. Assessed Value is $267,000.
Directions: from I-84 take 10th Street S to Chicago Street. W on Chicago St then N on N 6th St to Denver. W on Denver to address.
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