Turn Key Assited Living Facility 100% Occupied
Multi-Family
for Sale
| Catylist Listing ID: |
30858332 |
| Property Subtypes: |
Senior Living
|
| Number of Units: |
15 Units |
| Building Size (RSF): |
6,877 SF |
| Gross Building Area: |
See Agent |
| Gross Land Area: |
1.51 Acres
|
| Sale Price: |
$1,500,000 |
| Unit Price: |
$100,000 Per Unit |
| Property Use Type: |
Investment, Business |
| Building Name: |
Patriot Hill |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Average Occupancy Rate: |
100 |
| Last Updated: |
12/8/2023 |
Overview / Comments
Turn-key fully occupied assited living facility with a waiting list. Established in 1991, Patriot Hill has been providing 24-hour non medical care for Seniors and giving them a secure, healthy and happy home ever since. 15 room facility that currently has 6 semi-private ($5000/mo) and 9 private rooms ($3500/mo). 25 bed capacity.
Building includes 1 admin office, 1 secure medical room, 4 common restrooms, 11 en-suite restrooms, 1 kitchen and stockroom, comfortable living room and a bright dining room. This facility is turn-key and ready for new ownership.
New roof 2020, 4 newer HVAC systems, and new LVP throughout in 2020.
Located in the Country Club Estates neighborhood of Oak Ridge in Roane County. Adjacent to Oak Ridge Country Club and the Oak Ridge Sportmans Club.
|
Financials
| Finance Data Year |
2023 |
| Real Estate Taxes - Annual($) |
$11,650 (Annual) |
| Potential Rental Income |
$738,000 (Annual) |
Additional Details
| Nearest MSA: |
Knoxville |
| County: |
Anderson |
| Tax ID/APN: |
073015K B 00700 |
| Percent Occupied: |
100% |
| Total Number of Buildings: |
1 |
| Property Condition: |
Excellent |
| Number of Stories: |
1 |
| Year Built: |
1988 |
| Year Renovated: |
1991 |
| Sprinklers: |
Wet |
| Heat Type: |
Natural Gas |
| Heat Source: |
Central |
| Air Conditioning: |
Package Unit |
Demographic Statistics
| Proximity: |
3 miles |
5 miles |
| Total Population: |
10,135 |
28,746 |
| Median Age: |
42.56 |
41.67 |
| Households: |
4,172 |
12,246 |
|
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