Two Assisted Living Facilities in New Hampshire

Price: $1,475,000

Location: New Hampshire

Industry: Health Care and Fitness

Listing ID: cm62922

Two Assisted Living Facilities in Northern New England
This is a package of two non-medical assisted living facilities, both of which are in the New Hampshire.
The first is an 11-bed home, 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 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.

The second facility is a 12-bed home, located close to the first – about a 40-minute drive away. Like
the first, this home also has great curb appeal. It also appears to be well maintained with no pending CAPEX.
It features a private patio area where residents gather to chat and relax. It’s close to a major medical center and easily accessible for family visits.

Listing Details

Gross Revenue: $852,672

Cash Flow: $253,499

FFE: $100,000 (Included in Price)

Inventory: $20,000 (Included in Price)

(Included in Price)

Lender Pre-Qualified?: Yes

Reason For Sale:

Retirement

Training & Support:

Seller will assist

Operation

Days & Hours of Operation: 24/7

Owner Hours Per Week: 40

Location

Monthly Rent: NA

Facilities Information:

The first is an 11-bed home, 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 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.

The second facility is a 12-bed home, located close to the first – about a 40-minute drive away. Like
the first, this home also has great curb appeal. It also appears to be well maintained with no pending CAPEX.
It features a private patio area where residents gather to chat and relax. It’s close to a major medical center and easily accessible for family visits.

Summary

Potential Growth:

The 11-bed 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.