Projected 2024 national avg. assisted living cost: $5,665/month; varies by location. Our 8-Bed "Home for the Aged" "Assisted Living Center" offers a cost-effective alternative to nursing homes. Avg cost per bed: $4,500-$5K, lower than nursing homes $9K. Potential ADDED VALUE to expand to 18 beds with the installation of a sprinkler system. Expenses -$8k Monthly. Current projected monthly revenue: $40K = 8 beds; $90K for 18 beds w/rent & inflation increase + Respite Care + Senior Daycare=$200 Day
Property Type :
Converted House
Subdivision :
Brunswick
County :
Shelby
Style :
Converted House
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ByOwner last updated this listing 04/30/2024 @ 00:00
MLS: 10165521
LISTED BY: Glenn McDonald, Integrated Assets
SOURCE: Memphis Area Assoc. of REALTORS® - MAAR
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.
