Single Family Home for sale in South Lake Tahoe, CA

Residential property that has been leased to El Dorado County as a T-house (transitional living facility for adults with mental health). Monthly rent is $4,197.50 total $50,364. annually. Total expenses apx. $12,390. annually. Net income to owner apx. $38,000. annual. This is over an 8% cap rate. Taxes: $3,628. Insurance commercial/liability $2,500., Ins. EQ/flood $1,530., STPUD $1,200., refuse $380.,elec $240., gas $1,200., phone, tv, charter $2,280. (all expenses provided by Seller). This is a perpetual lease without a fixed term. Option to cancel: Lessor must give 60 day Notice to Lesse