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40+ Units MC in Rhode Island

Senior Living | 9.93% CAP

Listing Contacts

Active

Asking Price: $11,950,000
Address 

777 Main Street, Providence, RI 12345

Date Added
Dec 16, 2024
Days on Market
88 days
Time Since Last Update
58 days

Details

Property TypeSenior Living
Cap Rate9.93%
NOI$1,187,000

Marketing Description

HSI is pleased to present an exclusive acquisition opportunity for a premier community located in Rhode Island.​

This purpose-built community offers 60+ beds.​ Located in a Certificate of Need (CON) state, this property benefits from significant barriers to entry, ensuring a secure market position.​ The property spans 35,000+ square feet and has undergone extensive interior renovations to create a modern, resident-focused environment.​ Ongoing exterior improvements, including re-siding, painting, and parking lot resurfacing, further enhance its appeal.​

Operationally, the community boasts strong stability with an average occupancy rate exceeding 85%.​ It has generated a defensible EBITDAR of over $1.18 million with an operating margin of 32.6%, demonstrating high demand and operational efficiency.​ Strategically located in a thriving region with favorable demographics, excellent healthcare infrastructure, and robust local economic indicators, this property offers proximity to major transportation routes and leading healthcare providers, ensuring convenience for residents, families, and staff.​

Investment Highlights

  • Significant Demand in Target Market

  • High Barrier to Entry in Certificate-of-Need (CON) State

  • Consistent Margins Over 30%

  • Opportunity to Increase Rents

Valuation Calculator

Valuation Calculator

Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$1,187,000.00
$98,916.67/mo

Valuation Metrics

0
DSCR
9.93%
Cap Rate
9.93%
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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