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30930101
30930103

11-Bed Assisted Living in Montgomery County | Value-Add

SS
TX 0772573
ReMax Commercial Real Estate Advisors
ReMax Commercial Real Estate Advisors
Listed by ReMax Commercial Real Estate Advisors
$950,000
87 days on market
Updated 87 days ago
Details
Property Type Senior Living
Sub Type Business & Building For Sale
Square Footage 3,385
Beds 11
Cap Rate 13.24%
NOI $125,766
Price per SqFt $281
Year Built 1960
Buildings 1
Stories 1
Lot Size (SqFt) 21,558
Investment Type Value Add

Licensed For 11 Beds | Type B ALF | Value-Add Opportunity | Turnkey Operation

Marketing description

This property is a licensed 11-bed residential assisted living facility located in a rapidly growing part of Montgomery County, Texas. Established in 2014, the property operates in a comfortable residential setting and provides care and support services for seniors requiring assistance with activities of daily living.

Located near major healthcare providers and within one of the fastest-growing counties in Texas, the property benefits from strong senior housing demand drivers, including population growth and an expanding aging demographic in the Conroe and Montgomery area.

This facility presents a significant value-add opportunity for a new owner to increase revenue through the lease-up of the remaining beds. Based on market rents for private and semi-private rooms in the area, the property is projected to generate approximately +/- $606,000 in annual gross revenue at stabilization.

Investment highlights

  • Type-B Faciltiy, licensed for 11 beds.

  • Value-Add Lease-Up Opportunity: The facility is currently not operating at stablized capacity, presenting a clear opportunity for a new owner to increase revenue through targeted marketing, improved operations, and lease-up of the remaining beds.

  • Established Operating History: Originally founded in 2014, the property has an established presence in the Montgomery County senior care market, providing a foundation for future growth under new ownership.

  • Revenue Growth Potential: With a stabilizied pro forma revenue of approximately +/- $606,000 annually at full occupancy, investors have the opportunity to significantly increase cash flow through occupancy improvements.

  • Favorable Market Demographics: Strategically situated in an area that is experiencing strong population growth, particulary among aging demographics, supporting long-term demand for assisted living services.

  • Turnkey Operations: The facility is fully operational and licensed, allowing a new owner to step into an existing business with infrastucture, staffing, and operating systems already in place.

Listing Contacts

SS
TX 0772573
ReMax Commercial Real Estate Advisors
ReMax Commercial Real Estate Advisors
Listed by ReMax Commercial Real Estate Advisors

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$125,766.00
$10,480.50/mo

Valuation Metrics

0
DSCR
13.24%
Cap Rate
13.24%
ROI

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