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12 Independent Care Units 11 Alisha Ln 12 Unit Apartment Building $5,862,864 CAD ($488,572 CAD/Unit) 9.15% Cap Rate Columbiana, OH 44408
INVESTMENT HIGHLIGHTS
- 6 Newly Constructed Duplexes operated as Independent care units managed by a National nursing home Brand TURNKEY
EXECUTIVE SUMMARY
These are 6 newly constructed duplexes with a total of 12 units operated as independent care units for the neighboring nursing home. Huge Cash Flows:
Net Monthly profits improved to over $32,000/ mo on $37,664 in revenue monthly. Current cap rate is over 9% and goes up every year. This is a turnkey do nothing opportunity. The homes are built inside an assisted living community, and these are leased as independent care units. Management is owned by Sonida Senior Living (NYSE SNDA) at 6%/Mo. 4 units built in 2016, 8 units 2023. 2023 built units are enjoying a 15-year tax abatement.
P&L
Rental Income ($38,827 / Mo) $ 465,924.00 Yearly
Expenses Alisha Ln Yearly
Property Insurance $ 9,168.15
Bi Annual Cleaning $ 4,111.18
Community Fee $ 250.00
Food $ 56,446.84
Labor, Maintence & repair $ 6,241.94
6% Management Fee $ 21,523.54
Grounds Care $ 2,908.49
Outsource Payroll $ 222.53
Property Taxes $ 6,783.66
Utilties $ 24,916.78
Trash $ 1,542.03
Total Costs $ 134,115.14
NOI $ 331,808.86
CAP Rate7.18%+
Rent Increases every year through Management last year was 2.5%
Net Monthly profits improved to over $32,000/ mo on $37,664 in revenue monthly. Current cap rate is over 9% and goes up every year. This is a turnkey do nothing opportunity. The homes are built inside an assisted living community, and these are leased as independent care units. Management is owned by Sonida Senior Living (NYSE SNDA) at 6%/Mo. 4 units built in 2016, 8 units 2023. 2023 built units are enjoying a 15-year tax abatement.
P&L
Rental Income ($38,827 / Mo) $ 465,924.00 Yearly
Expenses Alisha Ln Yearly
Property Insurance $ 9,168.15
Bi Annual Cleaning $ 4,111.18
Community Fee $ 250.00
Food $ 56,446.84
Labor, Maintence & repair $ 6,241.94
6% Management Fee $ 21,523.54
Grounds Care $ 2,908.49
Outsource Payroll $ 222.53
Property Taxes $ 6,783.66
Utilties $ 24,916.78
Trash $ 1,542.03
Total Costs $ 134,115.14
NOI $ 331,808.86
CAP Rate7.18%+
Rent Increases every year through Management last year was 2.5%
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Range
- Vinyl Flooring
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Smoke Free
- Walk-Up
- Smoke Detector
1 1
PROPERTY TAXES
| Parcel Numbers | Total Assessment | $1,982,544 CAD | |
| Land Assessment | $542,014 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $1,440,530 CAD | Tax Year | 2024 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$542,014 CAD
Improvements Assessment
$1,440,530 CAD
Total Assessment
$1,982,544 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2024
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12 Independent Care Units | 11 Alisha Ln
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