ASSISTED LIVING INVESTMENT PROPERTY CONTACT Broker for more information ROBERT HENRY, ASSOCIATE Investments/Land Division p 972.386.1467 m 501.519.4807 e [email protected] LOCATION 4703 Lomax Dallas, TX 75227 BUILDING SIZE 2,400 SF BUILDING LAYOUT 6 bedrooms, 4 baths PROPERTY TYPE Assisted living YEAR BUILT 1984 ASKING PRICE $315,000 PROPERTY INFO 4703 Lomax DALLAS, TX 75227 4703 LOMAX FINANCIAL NOTES Lease Structure Base + N Lease Term April 1, 2018 - March 31, 2023 Monthly Rent $2,500 + N (3% increase per yr) Tenant Responsibilities Repairs, maintenance and HVAC Landlord Responsibilities Taxes, insurance, roof & foundation (structure) 4703 Lomax has been occupied with long term lease operations since the property was built in 1984. Tenants have ranged from teen and young adult group home to adult daycare and senior living. The current tenant provides 24 hour patient care and is in the first year of a five year lease. The property is zoned D – Duplex district but is grandfa- thered in for group home/ assisted living. The property is handicap accessible and is subject to quarterly inspections. Buyer brokers will receive a 4% fee.