Been looking for the unicorn of real estate in Santa Cruz, the cash cow? I’m always talking to folks who are looking for great real estate investment opportunities. It’s hard to get more than a 5% cash on cash return with most properties that are in the reach of the typical real estate buyer.
I was recently turned onto the business of running residential assisted living facilities for senior citizens and the disabled. This kind of business can be extremely lucrative, especially if you have a house that’s pretty big.
Lo and behold, a 10 bedroom, 5.5 bathroom, 4,500+ sf house hit the market recently. It’s a bank-owned REO foreclosure property, and was most recently used as a licensed residential care facility. This is a tremendous opportunity for the right buyer! I took a video below:
1106 Darlene Drive Santa Cruz Video
Please let me know if you’d like to get in to tour this amazing opportunity. You can see all the listing details here.
Wondering how you can turn a property like this into a money making cash cow? I encourage you to head over to the Residential Assisted Living Academy. They’ll give you all the training and information you need to make an incredible business for yourself, while providing a critical service to our senior citizen community.
Listing courtesy of Chantel Henson, Vanco Real Estate Executives