35 BED CARE HOME - $2,500,000 - SOLD

Generic photo to protect the privacy of residents

35 BED CARE HOME

Eastern Ontario

100% Government funded

Amazing 15% CAP Rate

with a $400,000 NOI

  • This facility has operated for decades as a government funded facility and has neglible vacancy.
  • Tenants' and payments are provided by the Government making this a very secure investment
PROFORMA
       
INCOME      
Base on 35 Clients (CHO + CITY)   $800,664
Other Revenue   $16,320
TOTAL INCOME   $816,984
       
EXPENSES      
Food     $69,821
Heat / Gas / Hydro   $22,186
Insurance     $4,860
Recreation & Entertainment   $500
Maintenance and Repairs (building)   $18,000
Maintenance and Repairs (Equipment)   $5,000
Vehicle Expenses   $4,200
Professional Fees   $5,000
Cleaning & Supplies   $8,000
Office Expenses   $500
Advertisement and Promotion   $3,500
Salaries & Benefits   $262,073
Property & Business Taxes   $7,500
Telephone & Internet   $1,200
TOTAL EXPENSES   $412,340
       
NET OPERTATING INCOME   $404,644
       
NOTE:
Information provided by the Seller. Buyers to confirm all information.
Includes Salary for a full-time onsite administrator
Does NOT include Owner's salary or dividends