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Business For Sale

Former Boarding & Lodging Facility

Watkins, MN, USA

Commercial Real Estate: Multifamily

 
Asking Price:
Annual Revenue:
Net Profit:
Cash Flow:
Total Debt:
$175,000
Not Disclosed
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FF&E:
Real Estate:
Year Established:
Employees:
Listing Number:
Not Disclosed
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2354391

Business for Sale Overview:

This facility had been used as a residential care facility since about 1960, first as a nursing home and most recently as a board and lodging facility until out-of-town owners closed it. It needs some work, but this is an ideal property for a group home or other licensed residential facility serving up to 16 persons, and the price is right! Below assessed value. An active owner-manager has the option of living on-site or getting additional rent from the manager’s apartment.

For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.

Property Features and Assets:

4,833 SF livable area, 384 SF tuck under + 440 SF detached garages. Stucco/frame 2-story + concrete block 1-story; 12 bedrooms, large kitchen and dining areas, and 5 multiple fixture baths. Also one bedroom apartment with ¾ bath formerly used by manager.

Additional Details:

  • The property is owned.
  • The owner may be willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.
  • This is not a distressed business or bankruptcy situation.
 

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