Unique investment opportunity in the heart of Meridian! This 2,576 sq. ft., single-level home offers 5 bedrooms, 2.5 bathrooms, a 2-car garage, and an expansive .32-acre lot. A fully installed residential fire suppression system, representing a substantial investment, offers potential advantages for buyers considering residential care, transitional housing, or other permitted uses. The large lot may also accommodate an accessory dwelling unit (ADU), subject to applicable approvals. Currently leased through June 30, 2027, generating $2,900 per month, with the tenant responsible for utilities and most routine maintenance. The interior is dated but maintained, featuring hard-surface flooring throughout. Seller is offering a $10,000 concession toward closing costs or improvements. An exceptional opportunity for investors seeking income and long-term flexibility. No showings prior to an accepted offer. Buyer to verify all intended uses and development requirements.