Assisted Living Facility for Sale
Spectacular opportunity to purchase a newly remodeled 18 bed Assisted Living Facility (RCFE). Property is 5,313 sqft and has 9 bedrooms, 4.5 bathrooms, 2 spacious living rooms, laundry room with double stacked washer/dryers, large kitchen and dinning area, and a private office. This single story facility is on close to a half an acre lot with a beautifully landscaped flat backyard with meandering pathways, outdoor dinning and a BBQ. Each resident room has its own private patio and exterior exit. Located directly across from a beautiful park, this property is also very close to Redlands Community Hospital and a short drive from Loma Linda Medical Center. It is also walking distance to downtown Redlands and many shopping centers. This is great chance to get in on the booming assisted living business or expand upon your existing facility. Seller has completed extensive renovations including new sewer line all the way to the street, new drywall and insulation, 2 new HVAC package units, all new electrical and plumbing including the main water line to the street, brand new kitchen and bathrooms, new landscaping and irrigation systems, new fencing, all new concrete patios and pathways. No expense was spared and a complete list of seller upgrades can be provided upon request. Seller already obtained a CUP from the City of Redlands for an 18 bed RCFE facility. All renovations will be completed prior to COE and seller will obtain final inspection. New photos will be uploaded as work is completed.
List price - $2,100,000
Price per Bed - $116,000
Pro Forma Gross Rents - $57,600 per month