A business and housing investment opportunity. Large circa 1870 Victorian Home celebrating nearly 50 years serving the community as a housing choice. The Elizabeth Home provides a group home with municipal licenses for a congregate living environment for 16 residents that include 3 nutritious meals daily and laundry, linen and housekeeping weekly. 100% occupied via lease and rental agreements with some long time residents of 15 to 21 years. No permitting required when current usage extended. Fire and smoke detector system, natural gas steam heat, updated 400 amp panels and wiring, asbestos abatement of steam system and multiple egress ensure a safe and secure household for the 26 rooms including 8+ bathrooms. The U-shaped home sits stately on a corner lot with 369 foot frontage, expansive front porch and hidden balcony deck. Annual rental of $320,000. An unused 38X38 two-story carriage house awaits creative ideas. Management assistance can be provided. Excellent staff onsite.
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