Amazing opportunity in the recession proof Care Home Industry. This 51 unit care home sitting on a beautiful 5 acre parcel within the city has been fully renovated and is in turn-key condition, including updated commercial kitchen and dining facilities. Within the property grounds there is also an extra 48 rental units in 7 buildings. Nursing home can accommodate residents requiring Level 1, 2 and 3 care. There are currently only 28 residents out 51 available spots in the nursing home and there are only 39 of 48 of the residential rental units occupied, so with the right management team the remaining units could be filled and the true value of the business can be realized. Financials are available upon request (id:47421)
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Detailed Information
Lot
500 x 0 ft
Listing Contract Date
2024-08-27
Ownership Type
Freehold
Property Type
Other
Transaction Type
For sale
Building
Constructed Date
1964
Heating Type
Hot Water, Radiant heat
Size (Exterior)
15555 square feet
Land
Total Size
5 acres
Acreage
Yes
Size of Irregular Land
5.00
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