16680 Fm 2790Lytle, TX 78052

Property Details for 16680 Fm 2790

Year built

2002

Lot size

1.83 AC

Property size (Sq ft)

4,708 SF

Property type

Assisted living facilities

Property subtype

Retirement homes

APN

05737-041-0088

APU

57370410088

Description

This exceptional assisted living facility, situated just north of Lytle, Texas, presents a lucrative investment opportunity. The 4,708 square foot building sits on a spacious 1.83-acre lot and boasts 16 beds, all currently occupied, demonstrating consistent high demand and a proven track record of success. Recent significant upgrades enhance the property's value and appeal, including a stylish interior remodel, new appliances, a brand-new air conditioning system, and a roof replacement completed in October 2018. The facility's consistent 100% occupancy rate is further bolstered by a waiting list of prospective residents, indicating strong future potential. Financial information regarding cash flow is available upon request. The property is not subject to any restrictive covenants. A small, 0.087-acre portion at the rear of the lot is designated by FEMA as Zone X (shaded), a Non-Special Flood Hazard Area (NSFHA) of moderate flood hazard, typically the area between the 100-year and 500-year floodplains. This well-maintained and highly profitable assisted living facility offers a rare chance to acquire a turnkey operation with significant growth potential in a desirable location. The property is priced at $4,700,000.

• CAP approach

  CAP return

  Valuation

  6%

  $855,429

  6.5%

  $789,627

  7%

  $733,225

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,230,485

  Geo Method

  $1,230,485

• Alternative Use

  Use

  Valuation

  Residential

  $1,001,675

  Hospitality

  $917,529

  Educational

  $763,373

  Medical

  $789,627

  Retail

  $1,187,470

Location Insight

City

Lytle

County

Bexar

State

Texas

Latitude

29.2584

Longitude

-98.8036

CBSA code

41700

CBSA name

SAN ANTONIO, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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