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$ 2,700,000
Est. payment | /mo
7.78 Acres Lot
$ 2,700,000
Est. payment | /mo
7.78 Acres Lot
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
View Y/N No
Listed by Nancy Lawrence • Lawrence Realty
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