Just Sold
This Assisted Living represents a unique opportunity to buy a fully licensed and operational 15 PLUS Bed ALF. This facility has a great layout with 10 PLUS bedrooms and multiple bathrooms. The building also has a living room, family room, dining area, office, and a large screened patio.
The monthly revenue collection for August 2022 was above $46,000. The owner keeps the building maintained. All new air conditioning systems were installed in the last couple of years, one new water heater in the last year, a new septic system in 2020, and the roof was replaced about 8 years ago.
The sprinkler system and the generator cover the entire building area.
This is a well-run facility with an on-site manager available four days per week. The facility maintains a high occupancy and vacancies are filled quickly. The facility is well suited for a part-time owner-operator.
An actual number of beds, property info, address, financials, proformas, photos, and other relevant information to be disclosed after the NDA is signed.
Prior to closing, the buyer is to verify all permits, approvals, regulations, allowed use, financials, market rental rates, expenses, zoning, licenses, building square footage, expansion possibilities, number of licensed beds, and all other factors pertaining to using these parcel(s) and building(s) for the buyer’s intended use. SDE is calculated using add-backs.
