58 BED RESIDENTIAL CARE HOME - PRICE UNDER REVIEW

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58 BED RESIDENTIAL CARE HOME

SOUTHWEST ONTARIO

 

Downtown location in a major city.

Built to institutional standards on 0.8 acre corner lot.

Zoning permits alternative uses.

Possibility to repurpose into multi-residential with

25-35 units
PROFORMA
Income and Expenses Statement
   
Operating Income  
Sales  $        777,600
8% Vacancy  $          62,208
Effective Gross Operating Income  $        715,392
   
Operating Expenses  
Admin  $            1,140
Bank Charges  $               672
Groceries  $          48,120
Insurance  $            9,772
Lease Payment  $            2,496
Payroll and Wages  $        182,640
Property Taxes  $          19,945
Supplies  $            6,720
Telephone Internet TV  $            1,423
Utilities  $          58,070
Waste Management  $            1,704
Total Operating Expenses  $        332,702
   
Total Net Operating Income  $        382,690
   
*Info provided by Seller.  
Buyer must verify all information.