Income producing Golf Course Assisted living $320 Cash

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Income producing Golf Course Assisted living $320 Cash

Houston, TX · Member since 2017 · 5 posts · 0 votes

200 broken Bough ln


Possible Assisted Living or Day Care Facility $375k. Cash $325k Current Income of $4960 monthly we are owner manager.

Expenses $1200 Tax & insurance included current NOI $4,960
Pro Forma NOI at full occupancy ($6.5k-$45k per month)

Property currently occupied by 8 tenants renting the rooms.
6000 sqft 13 bedrooms, 6 Bathrooms.
Former assisted living facility located near private golf club community for sale featuring 13 bedrooms, 6 Bathrooms, 2 Kitchen and laundry areas, 3 dining areas, AC window boxes in most rooms, large day room with fireplace, large front porch, state approved sprinkler, boiler 7 years, custom built ramps in some areas, monitor central alarm system, exit signs, emergency lighting, Hand rails and many more features. Tenants are on month to month contract.

Upgrade required
-Additional AC central unit system
-to be created additional 10 Parking spots.

(MD partner backed out.)

Asking price $370k. Cash $320k with a $5,000 non refundable deposit to serious buyers to lock the deal up and your the property this will be deducted at closing.

(Please do not disturb tenants)

(281) 886-8332

[email protected]

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