20+ Bed Independent & Assisted Living

512 West Main Street, Memphis, TX

$1,500,000

Price

13.6%

Cap Rate

$200,000

NOI

Gallery
Street
Map
Overview
Cap Rate
13.6%
NOI
$200,000
Pro Forma Cap Rate
14.8%
Building Size
12,500 sqft
Lot Area
2 acres
Occupancy
92%
Units
20
Year Built
1997
Price Per Sqft
$115
Price Per Unit
$65,000
Floors
1
Investment Strategy
Value Add
Description

This is a 20+ bed independent and assisted living facility. The facility is cash flowing and has room to expand with an independent, assisted living or memory care building. The seller operates this remotely and will not be taking any onsite staff members. An NDA will be required for further information.

Documents
Title
Flyer-TwoILALCmties-TX-MMRL-2024.pdf
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Location
Gallery