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c.2023:HOMESMART PREFERRED REALTY or Assignees

SELLER IS 88 YEARS OLD,

ready to retire. Seller has been running both assisted livings for 22 years. 16 units here at 1425 Cedar and additional 16 units at 1815 Elm Ave. Canon City, Colorado PLUS a single family home attached to both facilities. Fremont home Care almost runs itself. There is a manager living on site. This listing includes the real estate AND the business.!!! Total of 32 units and 2 single family homes. CAP RATES for the past 4 years have run from 34% to 70%. except 2021 Covid hit hard. The Projected CAP RATE not guaranteed for 2022 is 56% as the facility received a $24,000 a MONTH raise in July...And of course there are P & Ls for you to look at. zero vacancies at this time. Appraisals in file from last year.
MLS#: 67736
Unit: 
Price:  $2,900,000
Bedrooms: 
Baths:  0.00
Sq Ft:  8336 SF
Lot Size: 
Garage: 
Zoning: 
Subdivision: 
Year Built: 2008
Schools: 
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HOMESMART PREFERRED REALTY

Pat Carr

1032 Royal Gorge Blvd
Canon City, CO | 81212

Direct: 719-371-4269
Mobile: (719) 281-5331

Pat Carr

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