Personal Care Home Community | 24 Beds
452 Ossie Davis Pkwy
Waycross, GA 31501
FOR SALE
Property Type:
Subsidized HousingAmount:
$2,730,000
Last Verified:
Jul 03, 2023Highlights
- 92% Occupancy
- Potential rental income: $712,863.36
- Gross operating income: $653,460.00
- Net operating income/net profit: $325,945.84
- Asking price: $2,730,000 (12% CAP)
- Property qualifies for SBA loan with 25 year term and 10% down payment at market % rates
Description
Bull Realty is pleased to present this ±19,300 SF licensed Personal Care Home Community comprised of 16 private rooms and 4 double occupancy rooms for a total of 24 beds. There is an addition of ±4,290 SF that includes owner’s living quarters which could be converted to additional units. The facility is currently at 92% occupancy and is under the State of Georgia CCSP Program averaging $2,475.22 per bed.
The facility is ideally located in downtown Waycross, GA and is approximately 1 mile from Memorial Satilla Health Hospital.
Waycross, GA
Year Built: 1954
Building Size: 19300sq ft
Lot Size: 0 acres
