166 Unit 55+ Senior Facility In Montgomery AL

OFF MARKET 166 Unit 55+ Senior Independent And Assisted Living Facility in Montgomery, Alabama.  Property consists of four buildings on 10.33 Acres with (106) Units of Independent Living and (60) Units of Assisted Living built in 1986 and renovated in 2019.  Not only can some or all of the units be converted to assisted living in order to increase rents, but their is also excess land for additional development of a Memory Care Facility.

Gross Effective Yearly Income $5,235,267 

ASKING PRICE $16,000,000 plus 3%

Property OM and details

TS/JM