For Sale
$6,200,000
1480 Deerpath Dr Cambridge, OH 43725
Profitable Senior Living Investment
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 136
Highlights
- Cash-flowing assisted living facility in Ohio.
- 50-unit, 55-bed assisted living and memory care community, 93% occupied.
- Located one hour from Columbus, Ohio.
- Enrolled in the Ohio Assisted Living Medicaid Waiver program with a recent rate increase; 23% Medicaid, 77% private pay.
- Well-maintained property with attractive, assumable HUD debt of $3,585,000 at 2.29% interest + MIP.
- 12.2% cash-on-cash return, 15.4% return including principal reduction.
Property Details for 1480 Deerpath Dr
- Property type
- Retirement homes
- Square Feet
- 23,918 SF
- Class
- B
- Year Built/Renovated
- 1972/2022
- Buildings
- 1
- Stories
- 1
- Lot Size (sq. ft)
- 294,030 SF
- Units
- 46
Location Insight
- City
- Cambridge
- County
- Guernsey
- State
- Ohio
- Latitude
- 40.0496216
- Longitude
- -81.5798104
Nearby Similar for Sale
FAQs
- What type of property is this?
- Retirement home - Profitable Senior Living Investment
- Where is the retirement home located?
- The property is located at 1480 Deerpath Dr Cambridge, OH.
- What is the asking price?
- The asking price for this property is $6,200,000.
- What are key features of this property?
- This property features: Cash-flowing assisted living facility in Ohio.; 50-unit, 55-bed assisted living and memory care community, 93% occupied.; Located one hour from Columbus, Ohio.
- How can I contact the broker?
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
