871 Twinforks Ave - Assisted Living Facility | For Sale 33,842 SF Health Care Building Offered at $4,658,612 CAD in Auburn, AL 36830

Bull Realty is pleased to present this Assisted Living Facility for sale. The ±33,254 SF building has 43 units and is licensed for 49 beds. The facility located in Auburn, Alabama, whose population is of 82,000, is widely recognized as one of the most dynamic and fastest-growing economies in the Southeastern United States.

Auburn, AL is also the home of Auburn University just 9 minutes away from the property. Nearly 68% of residents hold a bachelor’s degree or higher. The city has evolved into a diverse regional hub for advanced manufacturing, technology, high-quality residential living and a retirement destination for Auburn University Alumni. Auburn’s identity is defined by a sophisticated blend of collegiate tradition and modern southern cosmopolitanism.

Often referred to as “The Loveliest Village on the Plains,” the city’s culture acts as a powerful driver for the local tourism and hospitality sectors. The senior living community offers elegantly detailed interiors with large suites as well as spacious single rooms. Amenities include a professional kitchen, theater, beauty salon and more. The property offers assisted living with a professional care staff and memory care services.
Strong Market
• Average Net Worth (Age 75+): $1,696,281
• Average Household Income (Age 75+): $70,747
• Average Home Value: $361,052
• Unmet Demand (10 mile): 82 beds
Property Highlights
• List Price: $3,400,000
• Gross Revenue: $2,176,894.66 (Actual)
• Occupancy: 92.2% (Actual)
• Forecast NOI: $544,233.66 (normalizing expenses to 75% of Gross Revenue)
• CoStar Southeast Sold Comps: $233/SF
• 2025 Weitz Replacement Cost (Construction cost only): $343/SF
Financial Highlights (5-Year Hold)
• Property Qualifies for a SBA 504 Loan: 25-year term, 85% LTC, and 5.856% interest
• Using 12.4 vacancy Year 1 and 10% Years 2 through 10
• Revenue growth 5% per year
• IRR: 92.6%
• Cash on Cash: 55.2%
• Acquisition CAP Rate: 16.01%
• Debt Service Coverage Ratio: 2.48
• Projected Sales Year 5: $8.6 million
• Sales proceeds after expenses: $5.8 million