Gross Revenue (annual): $670,000
Net Income (annual): $140,000
Average Bed Rate (monthly): 5,100
This memory care facility is an adult foster care licensed for 13 beds. The facility specializes in the care of residents with alzheimers and various forms of dementia. It is a secured lock down facility with a commercial kitchen and a fire suppression system with monitoring.
This property makes a great investment for new assisted living investors as well as current operators looking to expand. The owner of this facility is mostly absentee, only visiting the property every couple of months.