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Senior Housing and Assisted Living Facilities for Sale in South Dakota

Independent Living, Assisted Living, and Memory Care Facilities for Sale in South Dakota including Sioux Falls and Rapid City

An associate firm is pleased to introduce a full turn-key, passive income generating, senior assisted living facility (“ALF”) for sale property that is currently being managed by an experienced senior living management company that handles all of the day-to-day operations of the property. Keeping current management in place is optional but doing so enables a buyer without prior ALF experience to acquire the property and maintain a seamless transition. This is an ideal opportunity for someone looking to convert their capital into a safe and relatively stress free retirement with strong upside due to inflation and increased demand from a growing senior population.

The property has experienced excellent financial performance and continues to improve. It is located in a rural market with very little competition, only 30 minutes from Sioux Falls and associated commercial growth area on the northwest side of Sioux Falls. In addition, the property has been meticulously maintained for its entire life.

The 11,670 SF building sits on a 1.8-acre lot. The 22 units offer assisted living and independent living options. The exterior of the building features a brick and vinyl façade, a covered patio entrance, a circular driveway, and monument signage. On the interior, the building showcases a charming, brick fireplace seating area; a kitchen with multiple ovens, a dishwasher, and a microwave; and an open dining area. The property was also recently renovated with updated interiors in the past three years and new furnaces and air conditioning in the past two years.

The property is located near Salem and 18% of the population in the area is 65 and older, providing a wealth of new potential residents.

An associate firm is pleased to introduce Assisted Living + IL Apartments (With opportunity for Memory Care). The Portfolio has 5 buildings. The properties are located in Sturgis, Lead, and Pierre, SD. There are a total of 74 units with 83 beds total. The mix includes Assisted Living: 66 Units with 75 beds and Independent Living: 8 Units with 8 beds. There is a 12% cap current cap rate with value add.​ Recent rent rolls and occupancy are increasing across the board!!
An associate firm is pleased to introduce an Eastern South Dakota Assisted Living Facility with 21 beds. The price was just REDUCED! Built in 1995, this property is in excellent condition, has been recently updated, and has been meticulously maintained.​ The property is about 90 minutes from the new Amazon facility on the northwest side of growing Sioux Falls, SD.​ The facility has very strong financial performance history for two decades.​ This is attractively priced at a 8%+ cap rate.​

Are you looking to invest in South Dakota Assisted Living and Senior Housing? Click here
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Senior Housing Broker Program for Assisted Living Brokers in South Dakota: Click Here

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Senior Housing and Assisted Living Facilities for Sale in South Dakota

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