Escondido Investment Property (SFR) For Sale

Longterm buy and hold single family investment opportunity! Enjoy the benefits of a seasoned tenant, premium lease and annual rent escalations. Property is leased to an Adult Residential Care Facility (ARF) operator serving individuals with developmental disabilities. Receive a stable, hassle-free monthly income secured by a committed and invested tenant. Other benefits include: - Virtually eliminate tenant calls by utilizing a pro-landlord lease structure. Tenant responsible for all minor repairs and maintenance. - A long-term lease controls vacancy loss expenses. Zero vacancy = Consistent Income. - Annual 3% rent escalations - Cap Rate @ 5.5% - Better than a triple-net lease because you own the property and benefit from depreciation and appreciation, plus when this lease expires, you get to write the new lease. Gross Building Area (SF): 3,190 Land Area (Acres): .415 year constructed : 1966 Stories: 2 (four beds main entry level, 3 beds downstairs) Bedrooms / Bathrooms: 7 beds, four baths