625 Barbara Drive, Grants Pass, OR 97526
sale
$1,750,000
|
Other
Courtesy Of RE/MAX Ideal Brokers Medford, Inc.
Licensed Residential Care Facility offered with real estate and operating business. Forest Meadows RCF is a fully licensed 15-bed facility currently operating at approximately 93% occupancy with 14 residents in place. Trailing twelve-month financials reflect $708,880 in annual gross revenue with verified net operating income of $304,887, representing a 17.42% cap rate at the $1,750,000 asking price. The facility is situated on 7.95 park-like acres just outside Grants Pass and includes approximately 8,001 square feet with 10 resident bedrooms and private caregiver quarters. Extensive capital improvements include a 50-year roof, multiple HVAC systems, remodeled kitchen, updated flooring, and a 1,728 sq ft shop and garage. Operations benefit from an established referral network with the VA and local medical providers. Sale includes real estate and operating business. Financials available with executed NDA.
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Property Features
- Age: Over 50 Years Old
- Architecture Style: Other
- Cooling System: Heat Pump
- Cooling System: Central Air
- Exterior Type: Frame
- Floor Covering: Vinyl
- Floor Covering: Laminate
- Floor Covering: Tile
- Floor Covering: Carpet
- Floors: 2
- Heating System: Electric (Heating)
- Heating System: Heat Pump (Heating)
- MLSID: 220212462
- Parking Spaces: 50
- Roof Type: Composition
- View Type: Territorial
- View Type: Forest
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