Huge Income Opportunity!! 20%+ CAP Rate with only 6 clients! ***Seller Financing may be considered with strong offer and well qualified buyer!!*** This 4660+/- sf, 10 bedroom, 4.5 bath property which sits on a nearly 1/2 acre double lot in a quiet cul-de-sac has been a successful residential care facility (RCFE) for more than 30 years. As per Citrus Heights Planning Dept, up to 20 RCFE or Transitional Housing clients may be permissible with a Use Permit. Or, bring the entire family and have room to spare. Property is setup with client and owner/caretaker living areas separated by a laundry/utility room and has separate central heating and cooling systems and separate PV solar systems. Can easily be re-configured to expand client capacity.
Listing Courtesy of Metrolist / Better Homes And Gardens Real Estate Reliance Partners / Todd Newburn