This offering is a well-established “Turn-Key” 71-Bed Assisted Living Facility. The facility has been in operation with two groups that are ongoing clients of our company and have been in operation with them since 2013. The current owner purchased the facility in 2019 and has taken it to the next level for the new owner, who will continue to improve the business while earning a very nice income.
The Green Life ALF includes:
· 43-Units-71-Beds in Operation
· 2-Buildings/2-Stories/14,036 SF
· Built: 1975
· Zoning RM-20
Current Financial Information (2024):
· Occupancy: 95%
· Gross Revenue: $2,015,000
· NOI: $813,407
Asking Price: $8M OBO
TURN-KEY OPERATION
10%+ CAP RATE AT ASKING PRICE
BED RATES BELOW MARKET