• 2 Units
• Unknown Sq Ft
• 4,143 Sq Ft
• Unknown Cap Rate

Description

This is a rare opportunity to acquire a Turn-Key 20-bed Personal Care Home that is fully certified, and in good standing with licensing authorities. The facility enjoys a consistent waiting list, demonstrating strong community demand and long-term operational stability.
The owner is retiring and, since COVID, has opted not to operate at full capacity — resulting in below-optimum ROI and presenting a significant upside opportunity for the next operator.
Currently, 15 residents occupy the facility, most receiving SSI assistance and paying an average rate of approximately $1,640 per month at the lowest tier. A new owner can substantially increase GUARANTEED GOV'T INCOME by expanding to higher-paying programs.
For instance: The Veterans Administration pays $3,500+ per month for non-medical skilled housing.
Skilled nursing programs and other specialized care providers pay considerably more for qualified facilities.
The properties consist of two adjacent, well-maintained buildings:
• 1750 Bridge Street. A three-story detached facility featuring 3 bedrooms, a kitchen, dining room, office, 2 full bathrooms, and a partially finished basement.
• 1754 Bridge Street. A two-story facility with 8 rooms, 4 full bathrooms, a commercial kitchen, laundry area, dining area, office, half bathroom, additional storage, and reception area on the lower level. The second floor mirrors the layout with 5 bedrooms and 2 full bathrooms.
Zoning & Potential Uses: Zoning: RSA-5 Permitted Use (Y50): Health or Personal Care Facility
Other potential uses via variance: Daycare, Residential Apartments, Drug Rehabilitation, or Institutional Facility.
This property has been meticulously owned and operated by the same owner for over 20 years, ensuring a clean, compliant, and well-maintained environment. This listing is for the real estate only. If the investor wants to include the existing SSI occupant's business goodwill, the Asking Price is $779,000. Salient financial and licensing documents are available to serious, pre-qualified investors upon execution of a Non-Disclosure Agreement (NDA).