92-Bed Assisted Living Facility - Financing Available!!!

This is a well-established, well managed Assisted Living Facility ready for a new owner to take over and continue growing the business.​ The owners have recently expanded the facility from 74-beds to its current 92-Beds.​ The cost of the expansion was $2M.​ The income is continuing to grow every month and is reaching the $1.1M area this month (October 2023).​

This facility includes:

·        92-Beds/46-Units

·        20,364 SF (16,416 Rentable)

·        1.82-Acres

·        Built: 1987- Renovated 2022

Current Financial Information (2023):

·        $2,405,362 Gross Revenue

·        $955,636 NOI

2024 Financial Projections (92 AL Beds – 93% Occupancy):

·        $2,740,320 Gross Revenue

·        $1,121,739 NOI

·        $955,636 NOI

2024 Financial Projections (32 Memory Care Reinstated):

·        $3,234,720 Gross Revenue

·        $1,382,938NOI

Memory Care: This facility once included a 32-unit Memory Care wing that was shut down during the construction.​ The owners will reinstate the Memory Care component at the request of the new owner, who can enjoy the additional revenue the Memory Care component will contribute.​

Management: The owners of this facility are willing to offer their management services to the new owner.​  

Financing: the owners have a business relationship with a reputable lender who has established lucrative financing terms for this acquisition.​

Current Appraisal and Financing Information available upon request!

92-Bed Assisted Living Facility

91% Occupied

9% Cap Rate

Possible Memory Care Component

Financing Available