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2- 16 Bed Assisted Living Facilities on 23 ac. CASH FLOW POS

Unique opportunity For cash flow business with expansive land for future development

Listing Contacts

Active

Asking Price:Unpriced

Deal terms are not currently defined. Request your own specific terms when submitting a non-binding offer.

Address 

14522 FM 2854 Rd, Conroe, TX 77304

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Date Added
May 7, 2024
Days on Market
407 days
Time Since Last Update
54 days

Details

Property TypeSenior Living
Subtypedevelopment, land
ClassB
Square Footage23,000
Cap Rate7.50%
Beds32
Years Built1970, 2017
Year Renovated2020
Buildings2
Lot Size (acres)23
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Marketing Description

Charming Assisted Living Facility for Sale in Montgomery County, TX

Discover a unique investment opportunity with TWO licensed 16-bed Type B Assisted Living Facility, nestled on 23 beautiful wooded acres off FM 3854, just outside of Conroe, TX.​ This property offers a serene, picturesque setting that provides a tranquil environment for residents, making it an attractive choice for families seeking quality care for their loved ones.​

Key Features:

HOUSE 1

  • Licensed for 16 Beds (Type B): Ensuring compliance with state regulations and standards.​

  • Fully sprinklered ADA Compliant

  • 5 Private 6 Semi-Private

  • 2,000 SF on the 2nd level with 2 masters perfect for live in owner or care taker.​

  • Perfect for Memory care or hospice care

HOUSE 2

  • Type B licensed for 16

  • Purpose built 1000 sf per resident new facility

  • 16 doors each with private bathroom

  • 100% occupied

  • all private pay

- Prime Location:*Conveniently located near Conroe, offering easy access to amenities and healthcare services.​

- Expansive Grounds: The 23-acre wooded property provides a peaceful atmosphere with plenty of room for expansion and future development opportunities

- Operational and Profitable: The facilities are currently open, fully operational, and generating a profit, ensuring a smooth transition for new ownership.​

- Growth Potential: The ample space on the property allows for the potential to expand the facilities, add more homes, tiny homes increasing capacity and revenue streams.​

These turnkey facilities presents a rare chance to invest in a thriving assisted living community with significant growth potential in a sought-after location.​ Don't miss out on this exceptional opportunity to own and operate a profitable assisted living facility in the heart of Montgomery County.​

Contact us today for more details and to schedule a private tour of this remarkable property.​

GROSS REVENUE OVER $1.7M Proforma over $2M

NOI - over $800K

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