Log In/Sign Up
Your email has been sent.
Former assisted living 100 W Lake Professional Park 16 Unit Apartment Building $851,000 ($53,188/Unit) Geneva, AL 36340
Investment Highlights
- 16 private units with en-suite bathrooms.
- Common areas support daily resident care.
- 25% pro forma cap rate with income upside.
Executive Summary
Huge price reduction of $50k. No residents currently and building available with furniture For Lease at $8000/month or for sale as listed. Located at 100 W Lake Professional Park in Geneva, Alabama, this well-maintained 8,404-square-foot brick building offers an outstanding investment opportunity, especially with a significant price reduction now in place. Formerly operated as an assisted living facility, it is ideally suited for continued use as assisted living or memory care, featuring 16 private units, each with its own full bathroom to provide comfort and privacy for residents. The property also includes a spacious dining room, a welcoming living area, and a fully equipped kitchen designed to support efficient daily operations, all within a convenient professional park setting that ensures easy access for staff, residents, and visitors to hospital, medical offices, shopping, and restaurants.
Property Facts
Somewhat walkable
30/100
Exceptionally drivable
90/100
Somewhat bikeable
20/100
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
1 of 35
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Contact the Sale Advisor
Former assisted living | 100 W Lake Professional Park