For Sale: Assisted Living and Independent Living at $32,000 Per Unit
Senior Care Realty is exclusively and confidentially representing the seller of an assisted living facility and independent living facility in two nearby communities. The assisted living facility, licensed as a residential care apartment complex, has a licensed capacity of 26 residents. The independent living facility has 24 residential units, along with two street front retail stores. The facilities were recently operating at just 64% of combined capacity.
These properties may present a unique and substantial upside opportunity. The low occupancy rate presents a challenge but an opportunity to add revenue, profitability, and value. The package is offered at only $32,000 per unit and $32 per square foot. Still, the operations have improved recently and the asking price represents a 9% cap rate on actual performance, with upside potential included at no extra cost.
- Established properties with good reputations in small Wisconsin markets
- Currently owned and managed by out-of-state operator, ready for transition to local experts
- Priced well below replacement cost, offering a competitive advantage in the market
The business and real estate are offered as a package for an asking price of $1,600,000, or just $32,000 per unit.
This is another confidential offering of an assisted living facility for sale. Detailed information is available to those who approve and submit the confidentiality agreement below.
For More Information, Complete Confidentiality Agreement Below
For immediate questions, contact Bob Richards at Senior Care Realty. Reach him by phone at 608-825-4200, ext. 1006 or by email at firstname.lastname@example.org.
Tagged Features: RCAC