Investment Property Details
 Assisted Living Properties

          

Description:    Turnkey Opportunity. Inflation proof business. Home-like/non-institutional environment. Small size appeals to resident families and allows better supervision. Peaceful setting in beautiful residential neighborhood. 24 hour staff and on site manager with years of experience. Tenant mix includes private pay as well as medical assistance. Has had deficiency free Department of Health Nursing Survey within the last year. Owner has a good relationship with referral sources in surrounding communities. Seller can be available during transition period. Excellent 1031 opportunity. 8.5% Cap Rate.

Location:         Located in three separate communities in West Central Minnesota.

Year Built:       2000 – 2006. Numerous amenities including common laundry, dining, kitchen, television room
                         and detached maintenance garage. Newest facility is a memory care unit designed for Alzheimer’s patients.

Buildings:         4 facilities with a total of 36 units (One six unit and three ten unit facilities). Also one 900 sq ft
                         (approx) apartment on second floor of each facility. Private bedrooms and baths. Individual units
                         are furnished by residents.

Price:               $3,995,000  ($1,476,000; $746,000; $1,773,000)  Will consider selling individual facilities separately.
                         Rent rolls and additional information available upon request. Price includes Building,       
                         Property, Inventory, Equipment and all Common Area Furnishings.

Financing:        Conventional, Cash

This is a confidential listing. Letter of Confidentiality required of all prospects. Print Letter of Confidentiality

Call Steve for More Information at 320-760-7299

or via Email - click on the link

The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness.