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
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:
-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!