Description of the business for sale
Turnkey Opportunity. 9% Cap Rate - Low Risk - Inflation proof business. Home-like/non-institutional environment. Small size appeals to resident families and allows better supervision. Peaceful setting in beautiful residential neighborhood. 24 hour staff and on site manager with years of experience. Tenant mix includes private pay as well as medical assistance. Has had deficiency free Department of Health Nursing Survey within the last year. Owner has a good relationship with referral sources in surrounding communities. Seller can be available during transition period.
4 facilities with a total of 36 units (One six unit and three ten unit facilities). Also one 900 sq ft (approx) apartment on second floor of each facility. Private bedrooms and baths. Individual units are furnished by residents.
Built in 2000 – 2006. Numerous amenities including common laundry, dining, kitchen, television room and detached maintenance garage. Newest facility is a memory care unit designed for Alzheimer’s patients.
Will consider selling individual facilities separately. Rent rolls and addl information available upon request. Price includes Building,Property, Inventory, Equipment and Common Area Furnishings.
This is a confidential listing. Call for location and more details.