1607 Us-43Demopolis, AL 36732

Property Details for 1607 Us-43

Year built

1999

Lot size

2.92 AC

Property size (Sq ft)

20,826 SF

Property type

Healthcare properties

Property subtype

Retirement homes

Description

This exceptional turnkey senior living facility, Sonrise Assisted Living, presents a compelling investment opportunity. Located in Demopolis, Alabama, this property boasts 32 units, a mix of one- and two-bedroom apartments, each featuring a private bath. Residents enjoy ample shared spaces, including a common living room, dining room, game room, and salon. On-site amenities include a laundry facility, kitchen, secure medical storage room, and office space. Outdoor spaces provide a relaxing atmosphere with a patio and sitting porch. The property comprises two single-story buildings totaling 20,826 square feet, situated on a 2.92-acre lot. Built in 1999, the property features a less-than-10-year-old architectural shingle roof and vinyl siding/soffits. Ten HVAC units ensure climate control. The property currently enjoys a 91% occupancy rate, generating a 10% cap rate at an asking price of $1,800,000 ($86.43/sq ft). Concrete parking is available. This well-maintained facility offers a strong return on investment in a desirable location. The property's APN is 0109293006002003. This is a rare opportunity to acquire a thriving senior living community with significant upside potential.

Location Insight

City

Demopolis

County

Marengo

State

Alabama

Latitude

32.4987

Longitude

-87.8147

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