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$2,300,000
Est. payment /mo
7.78 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Building
Listing Status Active
Purchase Type For Sale
Subdivision Tx
MLS Listing ID 23015284
Lot Size 7.777 Acres
Acres 7.777
Property Sub-Type Building
Property Description
ENCHANTED PINES ASSISTED LIVING! Take advantage of this rare opportunity to own a welcoming Type-A assisted living facility in the heart of East Texas, centrally located between Houston and Dallas. This well-established facility boasts 34 units with historical occupancy that has been stabilized for years. Current occupancy is at 100% capacity, averaging 32-months stay per resident and has a waiting list for future residence. It staffs 16 caregivers to assist its residents, giving it a high staff-to-patient ratio. There is a security camera system to monitor for safety. Room rates vary monthly depending upon the size of each unit. The rates range from $2,725 - $3,150/per month and include all meals. A new roof and lighting upgrades were installed in 2020, as well as all new flooring throughout the halls and common areas of this 21,122 sq.ft. facility. This 7.77-acre property is gated and fenced and has plenty of room for expansion of additional units. This facility is in a great location, on the highly trafficked Loop 304, and is surrounded by nearby medical facilities and a hospital. So, if you're looking for the strongest facility in the market that has consistently proven to be a cash-flowing asset, then give us a call today to get additional information on this well-maintained facility.
Location
State TX
County Houston
Area Houston
Zoning Commercial
Exterior
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Listed by Nancy Lawrence • Lawrence Realty
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Rebecca Williams
REALTOR®, SRS, ABR, RENE, PSA | License ID: 703106
REALTOR®, SRS, ABR, RENE, PSA License ID: 703106
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