98 BED RESIDENTIAL CARE HOME - $6,500,000

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98 BED RESIDENTIAL CARE HOME

In Eastern Ontario

NOI $670,000 with 10% CAP Rate

100% Government Funded

 

  • Two homes within minutes of each other allows sharing of Management costs and facilitates staff scheduling
  • Larger facility has waterfront view of St. Lawrence River with potential for future development
  • Both homes have downtown location
  • Both facilities have been 100% government funded for decades making this a very secure investment.
PROFORMA
   
Income  
Rental $1,835,001.00
Other - Pharmacy $28,800.00
Total Income $1,863,801.00
   
Operating Expenses  
Associations $40.00
Food $230,000.00
Insurance $14,400.00
Interest and Bank Chargers $3,615.00
Office Expenses $16,000.00
Property Taxes $30,000.00
Repairs and Maintenance $30,000.00
Supplies $32,587.00
Telecommunications $10,000.00
Utilities $70,000.00
Wages and Benefits $750,000.00
Total Operating Expenses $1,186,642.00
   
NOI $677,159.00
   
Note: Based on information provided by the Seller.
Buyers must verify alll information as part
of their due diligence