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100 W Lake Professional Park 16 Unit Apartment Building $880,000 ($55,000/Unit) Geneva, AL 36340
Investment Highlights
- 16 private units with en-suite bathrooms.
- 20% pro forma cap rate with income upside.
- Includes operating assisted living business.
- Common areas support daily resident care.
Executive Summary
Huge price reduction for property. Discover an exceptional investment opportunity with this 8,404-square-foot brick building currently operating as an independent living facility. The property includes 16 private units, each with its own bathroom, offering comfort and privacy for residents. The building features a spacious dining room, a welcoming living area, and a fully equipped kitchen designed to support daily operations. The ongoing independent living business is included in the sale, adding immediate value and income potential. With a pro forma cap rate of 20%, this property promises strong returns for investors. Ideal for healthcare operators or investors seeking a turnkey solution in the senior living sector.
Property Facts
| Price | $880,000 | Building Class | C |
| Price Per Unit | $55,000 | Lot Size | 2.00 AC |
| Sale Type | Investment | Building Size | 8,421 SF |
| Sale Condition | High Vacancy Property | No. Stories | 1 |
| No. Units | 16 | Year Built | 2001 |
| Property Type | Multifamily | Parking Ratio | 2.37/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | M2 - M 2, General Industry District by the City Of Geneva | ||
| Price | $880,000 |
| Price Per Unit | $55,000 |
| Sale Type | Investment |
| Sale Condition | High Vacancy Property |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 2.00 AC |
| Building Size | 8,421 SF |
| No. Stories | 1 |
| Year Built | 2001 |
| Parking Ratio | 2.37/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | M2 - M 2, General Industry District by the City Of Geneva |
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Property Taxes
| Parcel Number | 190624100400200500 | Improvements Assessment | $82,420 |
| Land Assessment | $6,000 | Total Assessment | $88,420 |
Property Taxes
Parcel Number
190624100400200500
Land Assessment
$6,000
Improvements Assessment
$82,420
Total Assessment
$88,420
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Presented by
Shalaka LLC
100 W Lake Professional Park
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