Assisted Living Care, Mountain - Prairie Region

Property Description

Assisted living care located on a corner. Opened to private pay resident care in September 2004. This eight resident Assisted Living Care home features ( 6 ) private rooms and (1) semi private room. From the moment you walk in the front door into the spacious living area, you know you are in a unique nursing care residence! This home is staffed 24-hours a day with a Registered Nurse, LPN's, medication aides and nurse aides. Daily rates range from $125 to $140 per day depending on the room size and level of care provided.

The projected NOI for all (4) homes for 2008 is on target for $396,000. Asking price for all (4) homes: $3,300,000... which gives you a 12% CAP. All of the homes are Private pay and pretty much have a waiting list because they are so well maintained. The owners reason for selling... he's moving to another state and will only sell as a package!

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