Tag: Affordable housing developer in Newark Affordable housing developer in Newark
An associate firm is pleased to introduce an Assisted Living that is a 24 licensed bed, phase I, Assisted Living Facility in near Centerville. The facility consists of 2 buildings. One building has an additional manager’s quarter or office/storage with two separate rooms (non-licensed) apart from residents’ living areas. Buildings have versatile layouts and buyers can get creative with potential different uses.
Roof replaced, 2019; New gazebo, 2021; New fencing, 2021; Fitness room, 2021; West House – replaced 2, 3ton AC units, July 2020; West House – full duct cleaning, August 2020; West House – common bath remodel, May 2021; West House – new LVP waterproof flooring in common areas/hallways, May 2021; East House – washer & dryer replaced, March 2021; East/West House – dishwashers replaced, February 2021.
Total Square Feet: 7,681 SF
Land Area: 0.715 Acres
Price Per Unit: $109,000
Price Per Bed: $100,000
Building 1 Year Built: 1995 | Building 2 Year Built: 2018
• Both buildings have received significant capital expenditures since February 2020.
• Each building has 11 units. Two units can accommodate double occupancy.
• Garage has been refurbished into a bedroom for night shift personnel.
Haven Senior Investments is pleased to present a 60-unit Assisted Living/Senior Housing Facility near Atlanta GA. This facility was originally built as a personal care home and was most recently used for behavioral health. The real estate, now vacant, has been repossessed by the lender, who is an eager seller. The 30,000 square foot building sits on 1.34 acres in an area with a strong need for both AL and MC. At just over $100 a square foot, this may be the best development opportunity in the Atlanta area. Market site report and building plans available upon request.
An associate firm is pleased to introduce a newly renovated assisted living facility for sale or for lease. The facility has 25 beds and has 11,623 SF on 1.47 acres. The property was built in 1991 and was renovated in 2023.
An associate firm is pleased to introduce a 6,618 SF Health Care Building with 26 beds. This is a perfect location for your ALF business. This was a pretty busy place until Covid came along in 2020 and the owner was having trouble staffing with all of the issues going on. So they decided to move the patients to another facility as they did not have enough staff for both locations. This is a 26-bed facility (with license) and room to add 13 more per owner. This place has a great feel to it and the patients loved it. Very unique location and something you just need to see. This is a great value for the right person. Bring this one back to it’s previous glory and reap the rewards of taking care of some wonderful residents and running an awesome and profitable business. The property size is just under 1.50 acres and is in a great location near Clearwater. No residents at this location now, but it is ready for you to come in and put your personal touches on this great building and location.
An associate firm is pleased to introduce an Opportunity to own three (3) Residential Care Facilities for the Elderly (RCFE). Two (2) facilities are immediately available for purchase and the third facility is going thru a large building addition; the construction will be done at the beginning of 2025. Initially, you will own and operate two of the facilities. You will have the third facility under contract until the construction is completed and then the purchase transaction will be completed. The first two facilities have a total of 29 beds and the third facility will be licensed for 60 beds. The total bed count for all three facilities will be 89 licensed beds. The two facilities for sale right now are the ones located in: near South Redlands and Angelus Oaks (15 miles NE from Redlands). The third facility is also located in Redlands. In the purchase contract it will have a “first right of refusal” clause to purchase the third facility at appraisal value at time of completion. Once you have all three facilities, you will have the largest market share in the greater Redlands area, under the current operating business model. The brand is the premier brand in the greater Redlands area. You are purchasing a brand that denotes quality and value. They will also be providing a transition period upon which the current Executive Director and CEO will both help with the transition by providing training and support to facilitate a successful transition to the new ownership team. The RCFE industry will sustain an annual growth rate of over 18%. This is one of the higher growth industries in the inland empire. Plenty of growth opportunity abounds. The only limit is your ambition. **Note: The data being provided is just for the two facilities being sold now.**
An associate firm is pleased to introduce the sale of an existing, operating, 20-bed Assisted Living Facility and Business. The real estate is $2,350,000; operating business concern is $50,000. The current occupancy is full – 20 residents. Extra land is available for construction of a second building. The building size is 7,738 SF.
As associate firm is pleased to introduce a 38,979 SF Health Care Building with 72 beds near Weston, WI. This CBRF was designed to provide care for seniors suffering with Alzheimer’s disease or dementia. There is also brand new, commercial grade equipment. Property Features: Assumed adequate for use with expansion, a 800 amp 3 phase power system, 2 gas water heaters, heat and smoke detectors, a fire alarm system, and a full kitchen with a walk-in cooler/freezer. The facility can also be leased. There is also 3.55 acres of excess land.
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 Two (2) one-story assisted living communities consisting of one and two bedroom apartments. Averaging greater than 80% occupancy and record income levels (Feb 2023). They have been family owned and operated for over 30 years. Both facilities have 3 levels of care available to all residents. The independent living services include utilities (excluding telephone and cable tv), three daily nutritionally balanced meals developed with dietary consultants, emergency pull cords, scheduled activities throughout the entire day every day of the week throughout the month, light housekeeping, linen services, in-room dining service available, weekly trash service, and free access to washers and dryers. Assisted living includes all the above as well as ordering, administering, and monitoring of medications, scheduling of physician appointments, assistance with personal hygiene, grooming and dressing, assistance to meals and activities, with weekly housekeeping, and full laundry services.
Location one is assisted living is a 73-room, 72,000 sq ft facility licensed for 100 beds and is currently 80% occupied and is located in near Bixby. This facility was built in 2001 by the current management company. It features large common areas including an activity room, a fully staffed dining room, and commercial quality kitchen. There are both 516 sq ft single rooms and 936 sq ft double apartment-style suites available for rent. Each unit has access to a picket fenced patio for enjoying the fresh air anytime of the day. There are two 65,000 square foot lots in front of this location that would allow for an extended facility or private residences with the assisted living services.
Location 2 is Retirement Center that has 81 room. This 58,000 sq ft facility is licensed for 80 beds and currently is 84% occupied. It is located near Muskogee, Oklahoma. This facility was built in 1990 and features large common areas including a library, an activity room, a fully staffed dining room, and commercial quality kitchen. There are both 380 sq ft single rooms and 740 sq ft doubles.
Both facilities are in great condition. They are hosting about 80-85% floating occupancy. This business is an established franchise. FFE is included in the asking price.
An associate firm is pleased to introduce a 51,055 SF Health Care Building with 107 beds near Miles City. The facility recently ceased operations as a skilled nursing home and is offering the facility for sale. The operation is licensed for 107 beds in 55 rooms. Some of the rooms have been converted to 2 room suites. The facility has a full service commercial kitchen, laundry, and housekeeping and nurses stations. The original building is 1973 construction, the second addition was constructed in 1988, and the final addition was built in 1994. The facility had a third party facility condition report completed in July 2022. The report found the facility to be in good condition and repair. The property has had recent renovations of paint, flooring, and some room remodels. The roof was replaced in 2019. A 95Kv back up generator was replaced in 2019. The facility is in a good location near a healthcare facility and out of the flood zone. The operators license will not automatically transfer to a new owner. The State must approve the license. The property could be converted to assisted living or congregate living.
An Associate firm is pleased to present a 150+ bed, profitable ALF/MC for Sale in North Carolina. This facility has been achieving profitability at 50-60% occupancy. The facility is located in a well-known, larger, urban area and is coming off a lease. This is primarily a Medicaid facility (older facility). There is also a house, apartment, and small office on property. The asking price is $5.9M. (10 Cap on recent performance).
An associate firm is pleased to present a rare opportunity to purchase this newly renovated building that was previously an Assisted Living Facility! The current ownership has remodeled this property with all of today’s modern construction standards. Upgrades include a new roof and flashing ($345,758), new acrylic smooth stucco exterior ($167,750), new windows and doors, fire sprinkler system, camera and automated LED lighting ($21,000) and upgraded HVAC and ducting system ($53,000). The building includes a commercial kitchen with commercial appliances included in the sale. The property is surrounded by new landscaping, two gated parking lots with 45 total parking spaces and a local park next door. This property is perfect for a an assisted living, congregate living, or memory care. The Architect that provided the conceptual floor plan is confident that this building and his layout could work for a 24 bedroom facility.
An associate firm is pleased to present a Residential Care Facility that consists of two separate structures on three parcels in historic Oregon City. The first house was constructed in 1925 as a six-bedroom, 7,708-square-foot residence for the founder of the Oregon City Hospital. The building has a poured-in-place concrete foundation, stout old-growth Douglas Fir framing, and is finished in stucco with a tile roof.
The Residential Care Facility was constructed in 1930 as the Oregon City Hospital. The building is 29,196 square feet on three levels. Similar to the original residence, the hospital sits on a poured-in-place concrete foundation, with old-growth Douglas Fir framing, stucco exterior, and tile roof. The foundation, framing, and roof structure are in excellent condition. The building has been stripped of its interior lath and plaster walls to prepare for reconstruction of the interior. Backbone plumbing systems can still be utilized. Electrical systems will need to be upgraded to current standards. The location and zoning support several uses such as senior assisted living and a residential care facility. The property has easy access to McLoughlin Boulevard, Main Street, and Interstate 205.
•Excellent downtown Oregon City location
•In Qualified Opportunity Zone
•Flexible zoning allows for senior living
•Footings, foundation, and framing are in excellent condition.
•Reduce construction cost risk utilizing existing shell and infrastructure
An associate firm is pleased to introduce this 42,220 square foot Assisted Living Facility that features 120 state-licensed beds and is situated on 3.6 acres. It is conveniently located in North Carolina near Raleigh, Durham, and Chapel Hill. Many new furnishings and more coming.
The tenant operates the Assisted Living Facility and has 9 years remaining on a triple net lease. Current rent is $35,000 per month with an escalation to $47,000 a month once certain occupancy levels are met. Net operating income is $420,000 per year and could increase once the occupancy target levels are met in the lease agreement.
An associate firm is pleased to introduce a 14,682 SF Health Care Building with 100 beds located in Wayne, MI. This is a former Assisted Living Facility. The structure is a three-story building constructed in 1974, is situated on 3.8 acres, and was constructed in 1974. There is also an adjacent 5.61-acre lot available for sale. The property is zoned R3 (multifamily Residential District. There are 80 surface parking spaces. The seller is motivated
An associate firm is pleased to introduce a 10,000 sf Adult Home This 3-story “mansion” is situated on 2 acres in quaint North Shore town and is zoned Res/C. This is NOT a nursing home, rather a residential adult home. This adult home is for residents who just need just a little help with their medications or activities of daily living or who are no longer able to do housekeeping, laundry and meal preparation. The home is not required to to have doctors or nurses on staff but, they will coordinate care for residents with these professionals and assist with medication administration. It is certified for 30 beds with 19 bedrooms, this residential setting is within walking distance of local stores, houses of worship, parks, libraries and the renowned waterfront harbor with its’ beautiful marina. There is a large patio, brick B-B-Q, gazebo, fish pond, multiple gardens, wildlife, and lush expanses of lawn and mature landscaping support the ultimate in peace and serenity. The facility is licensed and regulated by the Department of Health. They accept private pay, Medicaid and Veteran benefits for payment. Home offers 1, 2 and 3 bedroom units. Fees range from $2500-3,200 per unit. The facility has also enjoyed a long and successful relationship with the Veteran’s Association Medical Center (VAMC) Community Residence Program. Providing supervised housing and healthcare supervision has enabled countless individuals to live safely and achieve a higher quality of life.
While the beauty of this 100 year old mansion is remarkable, what sets this home apart is its’ 40 year history of dedicated support and services to this special needs population.
Haven Senior Investments is proud to introduce a Memory Care business and portfolio that was founded by an RN in 2010 and is based on her belief that there is a better way of providing a safe, secure environment for persons with dementia related illnesses. The communities are specifically designed to complement the needs of individuals with dementia. The portfolio consists of three campuses and a total of five 12-unit buildings. Each of the campus locations is within an hour drive time and provides market coverage in the southern Illinois and St Louis area. The buildings are extremely well maintained and were constructed between 2011 and 2018. Each building has twelve private suites with ensuite bathrooms and are spacious enough to allow residents to bring their personal belongings and furnishings to have familiar things surrounding them. The design and size of the floor plan provides for ease of movement for the dementia resident without an overwhelming feeling of being lost. Demand is strong for memory care in this region as exhibited by the needs analysis reports attached to this offering. This facility is currently operating at 100% occupancy with a wait list. Staffing has been a recent challenge for the owners, so they have opted to consolidate and leave one of the buildings unoccupied. The financials presented represent the historical and current operations of the 4 fully occupied buildings. The offering does include a fifth building, which is currently vacant by choice.
VALUE HIGHLIGHTS: 4 fully occupied buildings producing over $700,000 NOI. The offering includes a 5th building on campus currently vacant by choice and is ready for buyer to lease up. There is a solid need for memory care in the local market as evidenced by the Needs Analysis Report (available for review). There is the ability to significantly increase NOI: Bringing 5th building online increases NOI by $180,000, normalizing expenses to industry standards adds another $233,000 to NOI. The Facilities are strategically located within an hour’s drive of St. Louis, MO, Terre Haute IN and Champaign IL. The Resident Manager/Director oversees operations at each location for turn-key operation. The business maintains an outstanding reputation in the industry.
VALUE PROPOSITION: BRING 5TH BUILDING ONLINE. The 5th building on campus is furnished and ready to be brought on line by a new owner. The current waiting list and NIC MAP Vision Data indicates plenty of need for 5th building = Increases NOI by $180,000 and NORMALIZE EXPENSES TO ACHIEVE INDUSTRY MARGINS – a profit margin of 27% increases NOI by another $233,000.
An associate firm is pleased to introduce a property that consists of 34,232 SF of useable space with a total of 120+ beds licensed Assisted Living beds. The property has been fully renovated and is in excellent condition. There is no major deferred maintenance. There are two brand new 100kw generators that power the entire facility, all new impact windows and doors, new kitchen equipment and a new walk-in freezer. The facility is 74.6% Occupied. Pro-Forma NOI: $1,574,440 Pro-Forma CAP Rate: 10.67%
An associate firm is pleased to introduce a a rare and unique opportunity to reposition an entire 13,319 square foot former care facility that is now fully in the prime Silver Lake neighborhood of Los Angeles steps away from Sunset Blvd. The building is a three-story, 1964 construction build, that consists of 26 residential rooms. The current layout is as follows- the ground floor features a large commercial kitchen with adjoining cafeteria for serving food and dining, laundry facility, storage room, two traditional apartment units (each with own bathroom), and a large outdoor patio that stretches the length of the property. The second floor offers 16 rooms of similar size with each sharing Jack and Jill style showers and each having their own toilet and sink. There is also a large common meeting area on the floor along with small office/administrative spaces. The third floor has eight rooms that are the same layout as the second (ground) floor and has full access to a rooftop deck with sweeping views of downtown LA and the surrounding neighborhood. The property also includes a non-operational elevator that services all floors of the building in addition to staff bathrooms on each level. Currently the property is categorized as Institutional – Homes for Aged and Others. Historically the property has operated as a home for disabled adults, though it has been vacant since summer of 2022. In the past 24 months there has been paperwork submitted to the city for application to change the use code to residential living (buyer to verify). The property is not subject to the Los Angeles Rent Stabilization Ordinance or California’s AB 1482 law (per ZIMAS). The building is effective in housing a large amount of people- in it’s past use it was licensed to house 49 people and most rooms were housing two people. It could be possible with every room at double occupancy to house 54 people in the building total. With the large industrial kitchen, cafeteria space, and multiple large common areas- this is an ideal property for dense co-living.
An associate firm is pleased to introduce a 100% occupied, 24-unit, licensed Personal Care Home Facility, with waiting list, in the heart of Dalton, GA. This ±12,213 SF facility offers 6 spacious suites and 18 charming studios, all with inviting porches that overlook beautifully landscaped grounds. Residents will enjoy the tranquil and rural setting that’s conveniently located within the city and only 2 minutes from I-75. The facility features a lovely award-winning vegetable garden, walk paths, and a cozy gazebo, making it the perfect place to relax and unwind. Safety and security are top priorities at this gated community, equipped with video cameras that ensure residents feel secure and protected. The facility includes a 7,000 SF basement with garages and storage, a ±1,100 SF staff apartment, and an unfinished portion that could be converted into an activity room for current residents. The demand for assisted living units within a 5-mile Primary Market Area (PMA) is increasing with a projected demand of 65 units in 2027, representing an 116.6% increase. With 14.7% of the senior population aged 65+, this facility provides an excellent opportunity to meet the growing demand for senior housing. The average cost of assisted living in Dalton, GA is $3,100 per month, making this facility an affordable option for seniors. The average net worth for ages 75+ within the PMA is $1,088,741, the average household income for ages 75+ within the PMA is $62,090, and the average home value within the PMA is $233,433. U.S. Census disability statistics for Dalton, GA reveal that 34.4% of the population have ambulatory difficulty, while 28.5% require independent living. This facility is designed to cater to the unique needs of these seniors, ensuring they receive the care and attention they deserve. Currently, the facility generates a gross income of $921,600 per year, with a net operating income (NOI) of $490,121 With its impeccable design, stunning location, and excellent income potential, this facility presents an outstanding investment opportunity for those seeking to make a difference in the lives of seniors in Dalton, GA.
Haven Senior Investments is proud to present a 33,981 sq.ft. medical hospital building that was constructed in 2009. It was operated as a hospital under several different names until around 2019 when it was re-marketed as a medical office building. The first floor was reconfigured from a food service/patient service area to an office for a physician group. Current tenant’s lease will terminate soon and food service, patient waiting room and emergency room area could easily be restored. The second and third floors comprise 23,824 sq.ft. and remain outfitted as hospital rooms (single and double occupancy) many rooms with furniture and fixtures remaining. Each room has a restroom and lavatory area, as well as a closet. There are valves in the walls of each room for oxygen plus two other features. Most all patient rooms are on the window walls of the building with support room facilities in the inner core of the floor. There are multiple nurse stations on each floor and a mail station on each with a securable file cabinetry, monitoring screens for each room and telephone lines. Each of the two floors have office rooms for support staff, x-ray and other ancillary functions central to the support of a hospital environment. There is one public elevator and one freight elevator that service the three-story building. The building has an external stairway for fire protection as well as an internal sprinkler system and hoses on each floor. There are lockable doors that function to secure one-half of each floor separate from the other half. The condition of the flooring, walls, paint, ceilings, etc. would be considered exceptional considering the time is has sat without occupancy. The leasing market in this area has been such that the cost of converting the hospital rooms to office space was greater than could be justified by the office rental rate. This has contributed to the opportunity that is now at hand for the right operator. Modifications to ready the building for a new rehab or small hospital use would be far easier than any conversion of a building used previously for other purposes.
An associate firm is pleased to introduce 32 Unit Residential Lodging Facility! The facility was constructed in 2001. This state of the art Community Based Residential Facility is hitting the market for the first time! The facility has over 17,000 sq ft and 28 active residential rooms with the ability to expand to 32 rooms. For 20 years this facility was home to many happy residents & remained at 90% occupancy or better throughout. The facility has been inspected yearly and kept up to date with current housing and fire codes. There is fire protection, water treatment & zoned heating/cooling for each room and bathroom & shower. The facility is ADA Compliant. There is a kitchen. conferencing areas, a large lobby, and reception areas. The facility includes a 2-car detached garage for property maintenance Items, gardening areas, great parking, all on a well landscaped 2.62 acre lot. The property is located in a beautiful setting.
An associate firm is pleased to introduce a former Assisted Living Facility. It was in operation until April 2022. All rooms are still furnished and convey with the sell of the property. It could easily be operational again with little effort. There are fourteen rooms that vary in size from 22’x18′ to 20’x13.6′, with a separate dining area and a common area. One of the rooms is setup like an apartment. The property also features two large garages and a generator. The former owner charged between $3500 to $5000 a resident. Possibly could be upgraded to a memory care facility and bring more income.
“Haven Senior Investments is proud to present a family owned and operated business in a highly sought after suburb in a major Texas city. This ALF residential home with an established business with value-add potential and room to grow is priced at $800,000. It is a cozy 11-bed Type B licensed facility that offers a warm family-type setting for residents, yet large enough to provide some economies of scale in which to operate a successful business. Smaller, more flexible spaces are highly sought after for senior housing in this post-Covid era. A needs analysis report shows continued strong demographic growth and a solid need for more senior housing units in the area. This facility sits on a large lot with ample room to expand.”
An associate firm is pleased to introduce an Assisted Living Home Licensed for 64 Beds. The Assisted Living Facility is now closed so there is not active business in the building. There are still fixtures and beds remaining in the building. Buyer may prefer renovation or complete teardown of this facility and single family parsonage on 2.46 acres. The assisted living home has been operating for over 40 years for a 60 bed facility. Additional land is available to expand facility should tenant need more than 60 beds or more than 39 rooms. Kitchen, Offices & Cafeteria are included.
An associate firm is pleased to introduce an existing memory care business that offers a fully remodeled and licensed turnkey facility that is in a profitable location in a residential setting. This location is licensed separately and offers 147 beds @ location. The facility is fully occupied with annual contract renewals and a waiting list of future residents for 25 memory care beds. This is an amazing turn key business opportunity to own a successful and established Assisted Living/Personal Care Home that is licensed and full of residents with great instant income for its new owner (real estate included in the price). This business, its owner, and care team have a great reputation and take great pride in offering one on one companionship to their residents in addition to providing the medical care that they require. The facility has a Director and Administrator and has a fully committed staff which is great for an absentee owner. The real estate and businesses are owned and managed by the same owner. The cash flow is positive in an industry that will only continue to grow as the demand for more personal and quality in home care continues. There is an excellent staff. The facility has great employees, is very clean, and is well run. It is located in a beautiful setting in central PA. There is consistent sales and profitability. There are happy residents here and it is near full occupancy!
An associate firm is pleased to introduce a 30-Bed Memory Care Facility with 18,200 SF offered at $1,950,000 at a 25% Cap Rate in Bandon, OR. Take advantage of an amazing investment and business opportunity with this 30 bed resident care facility boasting significant income potential. This well cared for property has been remodeled throughout and includes personal/caregiver living quarters, a warehouse/garage and shop, and meticulous landscaping. The attached residential caregiver/owner living quarters has 1,088 square feet. There is a large kitchen, dining area, and living areas for residents. There are also parking spaces for visitors and employees. The facility is located near the ocean, a small airport, and a golf course. Tons of opportunities await such as memory care or adult care facility. There is also land for potential expansion/development.
An associate firm is pleased to introduce an Assisted Living with 34 beds that is deed restricted for Senior Care; Memory Care, Assisted Living and/or Independent Living to also meet minimum 20% affordable occupancy requirement. The facility was constructed 1997 as an Assisted Residential Care Center/Senior Living Residence; (10) One Bedroom Units and (24) Studio Units. The facility includes a lobby, a commercial kitchen, dining room, laundry, offices, and central patio/garden. The property is vacant. There is also a similar facility, in Tillamook, build 1994, also available for sale.
Haven Senior Investments is pleased to introduce a 50-bed Assisted Living Facility. This is a turn-key investment with experienced, long term staff in place. The facility is a newly remodeled community in a desirable and quiet neighborhood. It has a stellar reputation and very stable occupancy. It is the sole facility within a 20-mile radius providing Assisted Living and Memory Care services and is located just blocks from the Medical Center. The resident units include kitchens, private bath, walk in shower and large closets. This 5-apartment community is large enough to provide economies of scale to maximize business operations yet cozy and warm enough to feel like home. Although the community has 50 separate units, the facility is licensed for up to 66 residents. Highlights include a total AL Units of 50 that are all-private. There are 12 deluxe 1 BRs w full kitchens & patio, 10 deluxe 2 BRs w full kitchen & patio, and 28 Standard 1 BRs w kitchenette. The average rent is $3,137 and the occupancy is at 95%.
Haven Senior Investments is pleased to introduce an Assisted Living Offering with two facilities with a total of 100+ beds. Located within the state of Missouri, the these communities provide assisted living services to both the elderly and those with mild mental or cognitive impairment. The communities are dually licensed by the Missouri Department of Health and Senior Services (DHSS) and the Missouri Department of Mental Health (DMH). The local need for these services is sufficiently strong and maintains consistent high occupancy with little marketing effort. Several programs, public administrators and placement agencies refer a steady stream of prospective residents and facilitate Medicaid reimbursements. Locations in both the southern and central parts of the state allow the facilities to reach a wide audience. It is not uncommon for them to maintain a waiting list of prospective residents. There are flexible layouts with multiple buildings and/or separate wings to provide service flexibility. One area is set up for elder care and another may cater more to cognitive impairment. Additionally, separate buildings and wings can facilitate the needs for quarantine or specialized care. All communities have direct staffing oversight in psychiatry, nursing, and medical direction. Operationally, the facilities run independently and smoothly with administrators at each location along with experienced staff and an on site manager. Additionally, a regional Executive Director oversees all operations. The business currently produces a healthy annual cash flow, which automatically increased in 2023 due to the recent state increase in Medicaid payments combined with the cost of living increase in Social Security payments. These revenues are reflected in the proforma analysis and have already been passed into law. The properties were renovated in 2015 and 2019.
• 103 total beds offered with very stable occupancy.
• Cash on cash return over 28% with proposed financing.
• Current revenues will automatically increase in 2023 due to Medicaid and SS legislation recently put in place.
• 1,440 sf single family residence on the Acres property can be used for additional revenue and/or staffing.
• There is an SBA 504 assumable loan of approximately $440,000 at 3.5% interest offered with the business.
• Community occupancy easily maintained with little marketing effort and longer than average resident stays due to the younger average age of residents, which is 52.
• Missouri regulates the number of licensed long term care beds in the state through CON (Certificate Of Need) laws, which control the market supply and limit competition.
• Missouri pays a monthly housing grant for each resident with Medicaid in addition to paying for personal care.
• Locations qualify for USDA financing.”
An associate firm is pleased to introduce an amazing opportunity for a turn-key 29-unit facility on 3.65 acres in a pristine location in Orr, MN. The facility was previously used as an assisted living facility. There is endless opportunity with over 19,000 sf. Built in 2013, this facility has been meticulously maintained. The property includes a commercial grade kitchen. The facility was closed in Spring 2020 and the residents were moved to the company’s facility in Cook, MN. This facility can be purchased independently or as part of a portfolio sale of 11 operating facilities that are staffed, occupied, and profitable. Additional facilities are all located in MN.
An associate firm is pleased to introduce an Amazing opportunity for a turn-key 20-unit facility on 8.1 acres in a pristine location in Hoyt Lakes, MN. The facility as previously used as an assisted living facility. There is endless opportunity with over 13,000 sf. Built in 2010, this facility has been meticulously maintained. The facility was closed in Spring 2020 and the residents were moved to the company’s facility in Cook, MN. This facility can be purchased independently or as part of a portfolio sale of 11 operating facilities that are staffed, occupied, and profitable. Additional facilities are all located in MN.
“An associate firm is pleased to introduce this beautiful 34,386 sq. ft. facility that sits just outside of the city limits on a large 4.6-acre lot along a private. Surrounded by pine trees and a lush green landscape, this property offers great privacy with the convenience of having Norton just down the road. The single-level building has three separate wings spread over the 4.6-acre lot, joined by a large common area in the center. Inside, the facility offers an incredible 27 apartments with various floor plans. This building is in excellent condition with recent updates made to enhance several features throughout the property.
The building is frame construction with vinyl siding, brick veneer, double pane windows, and asphalt roof and gutters in good condition. There are 12 single-car garages located at the end of each wing to allow for easy interior access to apartments/office space. The underground sprinkler system waters the surrounding landscape, with mature pine trees offering scenic views and a great sense of privacy around the property. A high-quality camera surveillance system monitors the exterior and interior of the facility. Also included are commercial carpet cleaner and water softener, and a new pallet truck.
All contents in the building associated with health care will remain, including but not limited to: a new nurse call system, med carts, vitals machine, stool risers, shower chairs, commodes, wheelchairs, walkers, lifts, nursing supplies, PPE materials
4 – Two-bedroom two-bathroom, 947 square feet each
6 – Two-bedroom one-bathroom, 898 square feet each
2 – One-bedroom one-bathroom, 726 square feet each
4 – One-bedroom one-bathroom, 677 square feet each
11 – One-bedroom one-bathroom studios, 500 square feet each
*All 1 & 2 bedroom apartments include: dishwasher, refrigerator, range, and microwave, outdoor patio with storage closet
*Studio apartments include kitchenette: microwave, refrigerator, sink
Common areas include: spacious dining room, living room with gas fireplace, central air, two 100-gallon hot water tanks (New and 3yrs old). Additional rooms include: An interior storm shelter with steel-reinforced concrete walls, a commercial-grade kitchen facility with a walk-in cooler, lobby, offices, an activity room, fitness room, private dining hall, comfortable living room, laundry room, salon, storage rooms, an employee lounge, and a library.
Haven Senior Investments is pleased to introduce and Assisted Living Facility with 59 licensed beds in the heartland of America’s “Bread Basket.” The facility has a stellar local reputation. It is a well-maintained, modern facility that was renovated in 2018. There is a seasoned and caring staff with excellent resident to caregiver ratios. The Market Study shows solid local demand for AL and MC. There is also a strong and established business platform to grow and expand the business.
• Investment Highlights:
• Cash on cash returns over 25% (with SBA financing).
• NOI – $439,052
• CAP Rate – 10%
An associate firm is pleased to introduce a magnificent facility in the outlying Atlanta, GA area. The facility is being offered at appraisal price. There are 100 plus beds in a well established business with huge upside. The owner is retiring after building this most successful center. It is clearly one of the nicest facilities of its kind in Atlanta and Georgia. The Center has all of the 5-Star amenities, with many options to residents as to rooms, services, and all associated activities and events. Located on 8 acres, this is the ultimate in Senior Assisted Living and Memory Care homes.
An associate firm is pleased to introduce two building with 4580 total SF currently operated as an Assisted Living Facility that has 22 beds, dining area, living room, and courtyard. This is a VERY PROFITABLE BUSINESS – 9.2 CAP. The buildings have four sides of brick, 30 year roof, and great access. A condo association takes care of the complex, making a very hands off investment opportunity. Tenants pay their own utilities, and HOA covers water, sewer, trash, insurance and common area maintenance. There are 24 surface parking spaces. The first building has 2280 SF; The second building has 2300 SF. These building are in a fantastic location close to I-85.
An associate firm is pleased to introduce a fully licensed 18 room ALF in Safety Harbor. Licensed for up to 36 beds in a semi-private configuration. Medicaid licensed and potential expansion up to 100 beds with purchase of adjoining parcel (not currently for sale). Extended Congregate Care (ECC) licensure and secured for memory care. The facility features a gas fireplace and natural gas for utility infrastructure. The building has front and rear ramp access. There is a natural gas generator for key building components, recent roof replacement, and a commercial grade kitchen. The property includes a locked patio areas with parklike setting for the residents to enjoy. It is not in a flood zone. This is an excellent value-add investment opportunity for a seasoned operator.
An associate firm is pleased to introduce an Assisted Living Facility licensed for 55 beds (offering 53) that is fully occupied. Currently operating as a Limited Mental Health facility, serving primarily the Medicaid market. Opportunity to upgrade facility and target higher revenue, private pay senior living market.
An associate firm is pleased to introduce a fantastic opportunity to own a 73 bed ALF in Central South Florida. The facility has Three buildings soon to be licensed for 73 beds. (37-38 bedrooms) on a 1.1-/+ acre parcel and has 47,916-/+ SF. The property includes one two-story building with an apartment on the 2nd floor and storage on the 1st floor. There is room to expand the existing structures. The property has been completely renovated in and out. It is a must-see property. For over 20 years it was licensed with Standard & LMH licenses, and serviced the LMH and subsidized residents. The facility includes an office, laundry room, nurses’ station, dining room, commercial kitchen, etc. The asking price is $2,490,000 cannot beat this low price of $34,109 per bed. The property is located in the quaint & charming Downtown Historic District with stores, shops, trees, and benches. The current owner still performing some work. Once the facility begins to admit residents with an occupancy level of 20%-30%, the price will go up. Take advantage now and buy it for the lowest price!
An associate firm is pleased to introduce a 16.1-acre parcel that includes businesses, buildings, and land for sale. This building is currently a beautiful 24-Unit Private Independent Living Facility with 2 additional managers apartments. In the back is a scenic pond and gazebo, with approximately 7 acres of undeveloped land behind the building. See what this unique property offers.
“An associate firm is pleased to introduce a 38,732 SF Health Care Building with 108 beds offered at $9,800,000 in Hemet, CA. The property is also for lease at $55,000 per month with modified NN. The Tenant pays property tax and insurance. The Landlord will do the maintenance with a few exceptions. The facility sits next to a public park on 1.48 Acres, Improved APN 448-310-024. There is also a vacant lot that is 1.03 acres APN 448-310-022 where owner can build other same building size and number of beds as it was planned when the developer built this building. Please verify it with the city of Hemet and the needed info. The property was Zoned C-2, used as assisted care. Hemet City needs CUP for applying their license. The facility is 3 Buildings and has a total 38,732 Square Feet with 2 elevators serving Building A & B. GENERAL INFORMATION: The improvements consist of 3 buildings used for an assisted living facility that was built in 1998. It was renovated from mid-2006 to early 2007 and again 2020 to 2021. Number of Beds/Units: with 102 beds; Room size from 275 SF – 428 SF; Number of Stories: 2; Size: 17,044 square feet in Building A (assisted living); 17,044 square feet in Building B (memory care- Alzheimer), plus 4,644 square feet for Administration/Kitchen for 38,732 total square footage (per Hemet Building Department). There is Administration space upstairs and a commercial size kitchen down stairs with one or two offices and a reception area (2 stories).
An associate firm is pleased to introduce a 6,729 SF Assisted Living Facility with 40 beds offered at $2.2M in Bakersfield, CA. This is a well-established facility.
An associate firm is pleased to introduce a 56,707 SF Residential Care Facility on 5.97 acres offered at $1,800,000 near Little Rock, AR. Property Overview: The facility has a great profit history. There are 20 efficiency apartments plus 70 residential units. There are dining facilities, a service kitchen, recreational areas, parking, storage warehouse, offices, beauty parlor, and more. The property was constructed in 1955. There is potential for expansion and increased income.
An associate firm is pleased to introduce the sale of a 40-bed Assisted Living Facility and operating business. Built in 2011 and 2016, the two buildings are approximately 7500 SF each. There is additional land to build a third facility. All rooms have attached bathrooms (toilet and sink). Financial statements for 2021 are available, as is a projected P&L for 2022. The business is $400,000, and the real estate is $2,600,000 ($65,000/bed).
Haven Senior Investments is proud to present a beautiful large facility with high end finishes that opened in 2020. This 10-bed facility is currently at 100% occupancy with a wait list. The city no longer allows zoning approval to residential assisted living homes with 6-10 residents, which effectively constrains future competition. This facility was grand-fathered before the zoning change. There is a cash on cash return of 23% with SBA financing and NOI over $200,000 per year. The business set up to run independently with minimal owner involvement. It is centrally located in the Phoenix valley. It is served by two major freeways, and is only a short drive from the Phoenix airport.
Haven Senior Investments is proud to present an Assisted Living Facility with 32 Beds located in two buildings. This thoughtfully designed Memory Care facility provides both cash flow AND an opportunity to immediately improve the business and add value. A “Special Care Assisted Living Facility” license in Alabama is distributed on a certificate of need basis. This is a highly sought-after, state-controlled SCALF license. It requires a facility to have special architectural features and additionally trained staff to accommodate dementia residents. This type of licensing is controlled by the Alabama Board of Health and is not easily acquired for new facilities. The 16-bed design of each building offers residents a cozy and homestyle environment while allowing management to operate at larger economies of scale. This smaller building design is also much in demand for containing, quarantining, and living life post-COVID 19. There are 32 units, fully occupied, offered at $100,000 per unit. There is a value-add opportunity to trim expenses to industry norms and add over $2,000,000 in potential market value. There is a strong local market need for both AL and MC. There is also the ability to expand. This is a well-maintained facility with seasoned staff. The 2017 renovations included the upgrading of the kitchen, appliances, flooring, bathrooms, fixtures, and furnishings.