814 Ct St Woodland, CA 95695-3517

Exceptional investment opportunity in downtown Woodland, California. This 5,849 square foot, single-story building, constructed in 2000 and renovated in 2022, sits on a 0.48-acre lot (21,083 sq ft) and offers 21 parking spaces. Currently operating as a 10-bedroom sober living environment with a stable tenant under a modified lease with a remaining term of 2.9 years (expiring October 31, 2027), the property boasts a 100% occupancy rate since May 1, 2022. The lease includes annual rent of $199,560 with a 3.5% yearly increase. The property's Net Operating Income (NOI) is $150,000, resulting in a 6.38% cap rate. Located in a DX-1 (Mixed Use) Downtown zoning area, this property presents a low-maintenance investment with significant upside potential. The property's prime location in Woodland's downtown core, only 20 miles from Sacramento, and its designation as an Opportunity Zone further enhance its investment appeal. This is a rare opportunity to acquire a well-maintained, high-performing asset in a desirable location. The property features a modern build and is situated in a thriving downtown area.