Catylist ID:
#30523616
| Catylist Listing ID: | 30523616 |
| Property Subtypes: | Senior Living |
| Number of Units: | 23 Units |
| Building Size (RSF): | 27,834 SF |
| Gross Building Area: | See Agent |
| Gross Land Area: | 2.07 Acres |
| Sale Price: | See Agent |
| Property Use Type: | Investment |
| Sale Terms: | Cash to Seller |
| Cap Rate: | Undisclosed |
| Last Updated: | 4/28/2020 |
Overview / Comments
|
This asset is prime for a value add renovation with average current rents well below the market rate for comparable properties. The current owner operates from a distant Fort Worth and as a result overspends on employee costs and is hindered in marketing. Control the rural market outside Amarillo. Significant upside with rents. Ability to easily turn existing assisted living facility into memory care to meet demand. Additional land to add additional assisted living facility. |
Attachments & Media
Additional Details
| Nearest MSA: | Vernon |
| County: | Childress |
| Tax ID/APN: | 4026/1 |
| Site Description: | Strategically located in Childress, this asset offers the unique opportunity to control the senior rural market outside Amarillo. |
| Year Built: | 1997 |
| Year Renovated: | 2005 |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 1,125 | 4,940 | 6,065 |
| Median Age: | 40.23 | 39.01 | 37.04 |
| Households: | 465 | 2,013 | 2,013 |
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