722 SE FLINT ST

Property Description

This 4-plex in Roseburg, OR, presents an exceptional investment opportunity with stable income and minimal owner involvement. Remodeled in 2023 specifically for adult home care services, the property offers: >>Stable, NNN Lease: $3,600 monthly income with a long-term, 5-year lease and a reputable tenant. >>Strong ROI: Four 1-bedroom, 1-bathroom units, each leased for $900 NET per month, generating a strong annual ROI of 6%. >>Passive Ownership: Enjoy minimal management hassle as the tenant covers taxes, insurance, utilities, and maintenance. >>Tenant pays RE Taxes and Insurance in addition to all utilities and maintenance, directly to appropriate agencies. >>No deferred maintenance thanks to recent renovations and a tenant responsible for maintenance and their own remodel needs. >>Built-in Stability: Benefit from a 5-year lease, plus renewal options and annual rent increases, ensuring consistent income with long-term income growth and minimal management hassle. >>Minimal Vacancy Risk: The unique property design tailored for adult home care services minimizes vacancy risk and enhances tenant satisfaction. Home Care State Licenses are specific to property and are not easily transferable or moved hence the stability of tenant for a long easy Net income. >>Flexible Financing: We're open to discussing seller financing options with competitive rates and reasonable down payments, making this opportunity even more attractive.