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29721596
29721614

105 Fairgrounds Rd, Hardinsburg, KY 40143

ZP
KY 251796
Crye-Leike Executive Realty
Listed by Crye-Leike Executive Realty
$1,975,000
111 days on market
Updated 44 days ago

105 Fairgrounds Rd - The Home Place Assisted Living

Details
Property Type Business for Sale, Hospitality (+1)
Sub Type Business and Building
Square Footage 10,826
Units 16
Cap Rate 11.35%
NOI $224,178
Occupancy 88%
Price per SqFt $182
Year Built 1970
Year Renovated 2020
Acreage 1.240
Investment Type Owner/User

TurnKey Business and Real Estate in Hardinsburg, KY

Marketing description

Turnkey Assisted Living Facility + Real Estate Included

Exceptional opportunity to acquire a well-established, income-producing assisted living facility with real estate included. This 10,826 SF property is thoughtfully designed to provide comfort, privacy, and community for residents while offering operational efficiency for ownership.

The facility features 16 private resident rooms, each equipped with walk-in showers, and 13 rooms include kitchenettes, offering enhanced independence and appeal to residents and families. The property also includes two public bathrooms, two laundry rooms, and a fully equipped commercial kitchen.

Residents enjoy multiple inviting common areas, including:

  • Two spacious sitting rooms with fireplaces and a piano

  • A dedicated dining area accommodating up to 16 residents

  • An arts and crafts activity space

  • On-site beauty salon complete with styling chair and wash station

This facility generates nearly $600,000 in annual gross revenue and is being offered as a true turnkey investment. A Director is already in place and actively managing daily operations, allowing for smooth transition and minimal owner involvement if desired.

With strong revenue, established management, and real estate included in the sale, this is an ideal opportunity for an investor or operator seeking stable cash flow in the growing senior care sector.

Investment highlights

  • TurnKey Business and Real Estate.

  • Management and staff in place.

  • 16 private residential rooms.

  • On-site amenities such as Laundry Rooms, Hair Salon, Arts and Craft areas, Lounging areas, and more.

  • Built in 1970, fully remodeled and updated in 2020. Addition to the building in 2023.

  • Convenient access from KY-1616 / Fairgrounds Road

Listing Contacts

ZP
KY 251796
Crye-Leike Executive Realty
Listed by Crye-Leike Executive Realty

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$224,178.00
$18,681.50/mo

Valuation Metrics

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DSCR
11.35%
Cap Rate
11.35%
ROI

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Additional Information

Name
Zack Puckett
License
251796
Brokerage
Crye-Leike Executive Realty
Title
Real Estate Agent
Brokerage Address
1278 Campbell Lane
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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