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16 +/- Bed Assisted Living Facility in Southeast Alabama

16 +/- Bed Assisted Living Facility in Southeast Alabama for Sale

Listing Contacts

Active

Asking Price: $850,000
Address 

Southeast Alabama near Dothan, Dothan, AL 36305

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Date Added
Oct 31, 2024
Days on Market
134 days
Time Since Last Update
63 days

Details

Property TypeSenior Living
SubtypeAssisted Living Facility, Residential Assisted Living, Residential Assisted Living Facility
Investment TypeStabilized
Investment Sub TypeInvestment
ClassA
Square Footage6,182
Price/Sq Ft$137.50
Cap Rate17.30%
Pro-Forma Cap Rate22.51%
Occupancy95%
NOI$147,073
Pro-Forma NOI$191,311
Units16
Beds16
Year Built1995
Buildings1
Stories1
Lot Size (acres)2
Broker Co-OpYes
Price/Bed$53,125

Marketing Description

KW Commercial and My ALF Consultant are proud to exclusively offer for sale, a 16 +/- Bed Assisted Living Facility in a beautiful setting in Southeast Alabama.​

The property consists of 1 building and a total of 6,000 +/-  SF, with approximately 15 Private Resident Rooms each with its own private full bathroom.​ The RALF (Residential Assisted Living Facility) is licensed for up to 16 +/- beds.​ There is a Front Living Room, Dining Room, Beauty Salon area, Pantry, Chapel, and Staff Break room.​

This is a unique opportunity to purchase a Residential Assisted Living Facility in Alabama that has a long history in the community and has room for financial growth.​ There is round the clock staff onsite that can be managed better to provide more upside to a new owner.​  These workers are divided among cooks and other caregivers that provide all care needs, cleaning, and cook meals for the residents.​

The exterior offers ample parking, a front porch, and relaxation areas throughout for residents to enjoy.​

This property sits along a major highway with plenty of exposure to the highway.​  The property is surrounded by beautiful oaks and wooded areas.​

The actual number of beds, property details, address, financials, proformas, photos, and other relevant information about this assisted living facility for sale in Alabama will be disclosed after signing the NDA.​

Prior to closing, the buyer is to verify all permits, approvals, regulations, allowed use, parking, financials, add-backs, proformas, 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.​

This Property and Business is listed by: KW Commercial – Bienville Realty Group - Keller Williams Spring Hill – 1210 Hillcrest Road, Mobile, AL 36695 – Listing Agent: JC Smith 251.610.2451 jc.​smith@kw.​com

Valuation Calculator

Valuation Calculator

Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$147,073.00
$12,256.08/mo

Valuation Metrics

0
DSCR
17.3%
Cap Rate
17.3%
ROI
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Due Diligence

Due diligence information will be provided.
Please reach out to the listing contacts for details.

Contact

Listing Contacts


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Broker Information
Broker Name
JC Smith
Broker License
AL AL 000116349 - 0
Brokerage Name
KW Commercial - Mobile, AL
Broker Title
Commercial Real Estate Broker
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