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100 W Lake Professional Park 16 Unit Apartment Building $1,222,200 CAD ($76,388 CAD/Unit) Geneva, AL 36340

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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

For Lease at $8000/month or for sale. Located at 100 W Lake Professional Park in Geneva, Alabama, this well-maintained 8,404-square-foot brick building offers an outstanding investment opportunity, especially with a significant price reduction now in place. Formerly operated as an assisted living facility, it is ideally suited for continued use as assisted living or memory care, featuring 16 private units, each with its own full bathroom to provide comfort and privacy for residents. The property also includes a spacious dining room, a welcoming living area, and a fully equipped kitchen designed to support efficient daily operations, all within a convenient professional park setting that ensures easy access for staff, residents, and visitors to hospital, medical offices, shopping, and restaurants.

Property Facts

Price	$1,222,200 CAD	Building Class	C
Price Per Unit	$76,388 CAD	Lot Size	2.00 AC
Sale Type	Investment	Building Size	8,421 SF
Sale Condition	High Vacancy Property	No. Stories	1
No. Units	16	Year Built	2001
Property Type	Multifamily	Parking Ratio	2.37/1,000 SF
Property Subtype	Apartment	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Apartment Style	Low-Rise
Zoning	M2 - M 2, General Industry District by the City Of Geneva

Price	$1,222,200 CAD
Price Per Unit	$76,388 CAD
Sale Type	Investment
Sale Condition	High Vacancy Property
No. Units	16
Property Type	Multifamily
Property Subtype	Apartment
Apartment Style	Low-Rise
Building Class	C
Lot Size	2.00 AC
Building Size	8,421 SF
No. Stories	1
Year Built	2001
Parking Ratio	2.37/1,000 SF
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	M2 - M 2, General Industry District by the City Of Geneva