Urban Assisted Living-Price Reduced! Room to grow!

Not Disclosed, NM
Bernalillo County

Central NM -- Urban


Asking Price: Annual Revenue:
$1,720,400 Not Disclosed

Services: Senior Living & Care, Assisted Living


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RE: Urban Assisted Living-Price Reduced! Room to grow! Broker: Barbara Kline
License #: NM REC 49950
Owner Financing is Available!
Owner open to discussing

Quick Facts

Asking Price: $1,720,400
Annual Revenue: Not Disclosed
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: $1,530,400
Year Established: 2016
Employees: Not Disclosed
BBN Listing #: 306659713
Broker Reference #: 2019-ual

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Business Overview:

Fully-operational assisted living facility with 20 rooms.25 beds, all rooms have private baths. 90%+ occupancy. Cap rate of 10%. Currently occupies 50% of building. Cost of 2nd half of building calculated for buildout at below replacement cost with an additional 20 beds.

This facility is built out with higher end materials and has a fully equipped commercial kitchen and multiple common areas with partial kitchens for snacking.

Annual Gross Revenues (at 100% occupancy) for the 40-room facility are projected at $1,632,000 with an NOI of $932,528. At 85% capacity, NOI is projected to be $700,688.

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Property Features and Assets:

High walkability urban area. Fully fenced. Recently renovated.

Market Competition and Expansion:

Assisted living facilities are in high demand in this area. This is a unique facility, conveniently located, with the ability to double in size on the current real estate--plans and city permits already approved..

Reason for Selling:

Changing Careers.

Additional Details:

  • The property is owned.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

Documents:

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