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.

Attachments & Media


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

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 10,135 28,746
Median Age: 42.56 41.67
Households: 4,172 12,246


Photograph of Listing Agent

Chandle Turbyville

Holrob ETNRCRE Member
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