Assisted Living Facility 11 Bed in New Hampshire

Price: $225,000

Location: New Hampshire

Industry: Health Care and Fitness

Listing ID: cm62922

This ALF home is located right by the center of town so there’s easy access to medical facilities, shopping and highways.

The building features updated rooms and the facilities appear to be in very good condition, both inside and outside. There is no pending CAPEX.

This facility just upgraded their licensure to Supported Residential Care. With the current census of 7 Medicaid patients the facility will generate an additional $8,000 in income per month. After the new year there is a scheduled Medicaid rate increase of 5 to 8%.

This facility features a spacious 2-car garage that is currently used for storage. Above the garage is an apartment that has been rented below market rates to a long-time tenant who has just moved out. Possible uses for this space are:

– Private Pay couple for assisted living.
– Rent through the nearby hospital for traveling nurses.
– Rent to a residential tenant.

Disclaimer: Information and financials provided by the sellers and Inbar Group has not audited them.

Listing Details

Gross Revenue: $415,055

Cash Flow: $147,791

FFE: $50,000 (Included in Price)

Inventory: $9,999 (Included in Price)

Real Estate: $450,000

Lender Pre-Qualified?: Yes

Reason For Sale:

Retirment

Training & Support:

Sell will assist

Operation

Days & Hours of Operation: 24/7

Owner Hours Per Week: 40

Location

Security on Lease: N/A

Facilities Information:

This facility features a spacious 2-car garage that currently used for storage.
Above the garage is an apartment that was rented below market rates to a
long-time tenant who has just moved out. Uses for this space are:
- Private Pay couple for assisted living.
- Rent through the nearby hospital for traveling nurses.
- Rent to a residential tenant.

Summary

Potential Growth:

This facility just upgraded their licensure to Supported Residential Care. With the current census of 7 Medicaid patients the facility will generate an additional $8,000 in income per month. After the new year there is a scheduled Medicaid rate increase of 5 to 8%. The projected Cash Flow for FY 2023 is $260,000.