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100 W Lake Professional Park 8,421 SF Health Care Building Offered at $1,279,636 CAD at a 5% Cap Rate in Geneva, AL 36340
INVESTMENT HIGHLIGHTS
- 16 private units with en-suite bathrooms.
- 20% pro forma cap rate with income upside.
- Includes operating assisted living business.
- Common areas support daily resident care.
EXECUTIVE SUMMARY
Discover an exceptional investment opportunity with this 8,404-square-foot brick building currently operating as an assisted living facility. The property includes 16 private units, each with its own bathroom, offering comfort and privacy for residents. The building features a spacious dining room, a welcoming living area, and a fully equipped kitchen designed to support daily operations. The ongoing assisted living business is included in the sale, adding immediate value and income potential. With a pro forma cap rate of 20%, this property promises strong returns for investors. Currently, 4 units are occupied, providing a foundation for growth. Ideal for healthcare operators or investors seeking a turnkey solution in the senior living sector.
PROPERTY FACTS
| Price | $1,279,636 CAD | Lot Size | 2.00 AC |
| Price Per Bed | $79,977 CAD | Building Size | 8,421 SF |
| Sale Type | Investment | No. Beds | 16 |
| Cap Rate | 5% | No. Stories | 1 |
| Sale Condition | High Vacancy Property | Year Built | 2001 |
| Property Type | Health Care | Parking Ratio | 2.38/1,000 SF |
| Property Subtype | Assisted Living | Opportunity Zone |
Yes
|
| Building Class | C | ||
| Zoning | M2 - M 2, General Industry District by the City Of Geneva | ||
| Price | $1,279,636 CAD |
| Price Per Bed | $79,977 CAD |
| Sale Type | Investment |
| Cap Rate | 5% |
| Sale Condition | High Vacancy Property |
| Property Type | Health Care |
| Property Subtype | Assisted Living |
| Building Class | C |
| Lot Size | 2.00 AC |
| Building Size | 8,421 SF |
| No. Beds | 16 |
| No. Stories | 1 |
| Year Built | 2001 |
| Parking Ratio | 2.38/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | M2 - M 2, General Industry District by the City Of Geneva |
AMENITIES
- Wheelchair Accessible
- Fiber Optic Internet
- Smoke Detector
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PROPERTY TAXES
| Parcel Number | 190624100400200500 | Improvements Assessment | $115,265 CAD |
| Land Assessment | $8,391 CAD | Total Assessment | $123,656 CAD |
PROPERTY TAXES
Parcel Number
190624100400200500
Land Assessment
$8,391 CAD
Improvements Assessment
$115,265 CAD
Total Assessment
$123,656 CAD
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Shalaka LLC
100 W Lake Professional Park
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