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Unique opportunity in Oakenshawe/Greater Charles Village! Gut renovation completed in 2021, and currently leased by tenant as a residential care facility. Seven bedrooms with en suite bathrooms in each. The tenant extended their lease for an additional five years through 2026, with rent escalations of about 3.5% each year. The property is currently managed and the property manager is available to continue at buyer's request. Rent escalation are as follows: 10/01/2022 - 9/30/2023 $4140.00 per month 10/01/2023 - 9/30/2024 $4285.00 per month 10/01/2024 - 9/30/2025 $4435.00 per month 10/01/2025 - 9/30/2026 $4590.00 per month *Given that the property is used as a residential care facility, photographs of the interior will not be published for confidentiality reasons. Listing Agent can provide video of interior upon request.*

Property Details of 400 Venable Avenue

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Listed by Jewel McKinley of Next Step Realty

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