| PRICE : | $2,730,000 |
|---|---|
| CAP RATE: | 12% |
| PROPERTY TYPE: | Senior Housing |
| UNITS: | 24 |
| YEAR BUILT: | 1954 |
Highlights
- • 92% Occupancy
- • Potential rental income: $712,863.36
- • Gross operating income: $653,460.00
- • Net operating income/net profit: $325,945.84
- • Asking price: $2,730,000 (12% CAP)
- • Property qualifies for SBA loan with 25 year term and 10% down payment at market % rates
Description
Bull Realty is pleased to present this ±19,300 SF licensed Personal Care Home Community comprised of 16 private rooms and 4 double occupancy rooms for a total of 24 beds. There is an addition of ±4,290 SF that includes owner’s living quarters which could be converted to additional units. The facility is currently at 92% occupancy and is under the State of Georgia CCSP Program averaging $2,475.22 per bed.
The facility is ideally located in downtown Waycross, GA and is approximately 1 mile from Memorial Satilla Health Hospital.
