Independent Senior Living Facility  (Unearned NOI / Potential of 25-30% Rent increase at Full Occupancy)

 

-Property type:  Independent Living Facilities

-Terms : For Sale/Lease back options

-Price :  $12,750,000.00

-City   :      Houston, TX

-Year built (if applicable) : Brand New

-Lot size : 1.72 acres

 

-Additional features :

             -No. Rooms: 30

             -cap rates: 5.75%

             -No. Stories: 1 Story

             -Price per units: $3,340 (include 4 different plans)

             -Occupancy start date:  June 1, 2017

 

-Property Description: Facility will offer residents a smaller, more intimate setting, while retaining individual privacy and freedom from daily responsibilities of maintaining a house or apartment. Our goal is to provide a safe, friendly, home-like environment with all-inclusive amenities so you can simply enjoy a care-free, independent life.  The Bellaire Lodges offer 4 floor plans to choose from to accommodate your individual needs.  Residents will enjoy our home-style one-story building, divided into 2 Lodges with a total of 30 private bedrooms.  Each Lodge will have 15 private bedrooms that includes a TV, refrigerator, microwave, a large bathroom and spacious walk-in closet.
Each lodge also has 2 living rooms, 2 covered outdoor patios, a large laundry room, and a full kitchen with dining areas…right outside your door ..NO MORE long halls and
walkways to go down before you can sit and enjoy a meal! Separating the Lodges is our
magnificent Clubhouse! Inside this “commons area” is a luxurious living room, convenience store, beauty salon, private massage room, mail room, as  well as, administrative offices, public restrooms, and just outside, a huge covered outdoor patio

   -Financial summary                                                             30 Bedrooms + Clubhouse

INCOME:  TWO LODGES (1 Story)                                        Monthly                       Yearly
( 15 Bedrooms per Lodge, 30 Total)
TOTAL INCOME                                                                         103,012.00                 1,236,144.00

TOTAL EXPENSES                                                                         43,634.13              523,609.52
                                                                         

                                                                                                           Monthly                       Yearly
Net Income Before Debt Service                                    $  59,377.87                  712,534.48
TOTAL NET INCOME                                                              $  59,377.87                 712,534.48

BEFORE DEBT SERVICE:  $ 712,534.48 divided by the Sales Price $ 12,500,000.00

                                                            = 5.70% CAP RATE

 

The Value of our Project is projected to be:     $ 12,750,000.00
This is based on using a 5.70% CAP RATE and Annual Net Income  before Debt Service being:  

                                   $ 716,490

 

      -Why is this a great deal?

                       – Incredible Cash Flow, Low Monthly Rent, Facility across the street is priced at almost double the rent. Ability to Increase NOI at least 30%. Motivated Seller ! Ask us about 100% financing!

 

Full Package is available, contact us!