Listing

Property Description:

First time offering Shady Pines Assisted Living Facility. This beautiful property is comprised of 29 Acres with an 8250 Sq Ft building, 17 Bedrooms fully occupied! This business has been in place since 2008 and has fulfilled the needs of the community by offering first class service and comfortable living. Building has large common great room, eating area, full kitchen, laundry, huge porches front and rear and 17 private bedrooms. Each Bedroom has a one large room, restroom with shower stall, toilet, sink and individual HVAC systems. Parking lot has just been restriped and resealed. Current NOI is $107,673 at an 8.12% Cap Rate. Plenty of room to increase bottom line or expand for further growth as the need in the area continues to grow.