This ALF was originally licensed for 65 beds. Currently licensed for 54.
Currently there are 46 residents.
NOI $446,510 / CAP Rate 12%!
Licensed as ALF and Limited Mental Care.
Full equipped commercial kitchen.
Great upside here. Rents are below market and there are vacancies.
Approximately half the land is vacant meaning there’s room to expand.
Plenty of room for walks. There is a gazebo in the shade of large oaks. There is also an outdoor putting green for the golfers! No commercial uses nearby….very quiet!
Fairly new metal roof, A/Cs aren’t that old and there are 2 gas powered generators. The entire bldg is sprinkled (fire).

Shown by appointment only!