512 Main St Memphis, TX 79245
High-Yield Texas Senior Living Investment
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 138
Highlights
- Exceptional 20+ bed assisted and independent living facility in Memphis, TX.
- 12,000-13,000 SF building on a 2-acre lot, built in 1997, located at 512 W Main St, 79245.
- 92% occupancy, generating a $204,597 NOI and a 13.64% cap rate.
- Pro forma projections show a $222,541 NOI and a 14.84% cap rate.
- Fee simple ownership; remotely managed, offering hands-off or active management potential.
Property Details for 512 Main St
- Property type
- Retirement homes, Assisted living facilities
- Square Feet
- 12,000 SF
- Year Built
- 1997
- Lot Size (sq. ft)
- 87,120 SF
- Units
- 20
Location Insight
- City
- Memphis
- County
- Hall
- State
- Texas
- Latitude
- 34.724632
- Longitude
- -100.5363882
Nearby Similar for Sale
FAQs
- What type of property is this?
- Retirement home - High-Yield Texas Senior Living Investment
- Where is the retirement home located?
- The property is located at 512 Main St Memphis, TX.
- What is the asking price?
- The asking price for this property is $1,500,000.
- What are key features of this property?
- This property features: Exceptional 20+ bed assisted and independent living facility in Memphis, TX.; 12,000-13,000 SF building on a 2-acre lot, built in 1997, located at 512 W Main St, 79245.; 92% occupancy, generating a $204,597 NOI and a 13.64% cap rate.
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