11206 Powder Mill Trl
Austin, TX 78750
Specialty Property For Sale · 2,869 SF

Austin North is an enlarged traditional home that has been custom fitted to accommodate a 14 bed facility in the heart of Austin, TX. The home is located within a very nice part of north Austin, TX and is situated within a quiet neighborhood. It is licensed for 15 residents, but recent configuration changes have reduced the census of overnight residents to 14, allowing the extra bed to accommodate a day bed type of resident or the facility can be converted one additional room, bringing the total then to 15 full time residents. Currently there are thee singles, leasing at $3,850 per month, four doubles, leasing at $3,450 per month, one triple, leasing at $3,250 per bed and one Day bed, $1,200 per mo. potential income is $ 50,100 per month with a yearly maximum of $601,200 Gross Income. The advantage of the day bed strategy is that a family can bring their aged family member to try the property on a as needed basis. When the time comes that the family member needs full time care, Austin North would become a natural location due to the family' s positive experience from day bed use. Facility currently has 12 full-time residents and monthly revenue of over $42,000 and NOI of over $210,000 per year. Current pricing of $975,000, the expected CAP rate currently exceeds 20% per year. Fabulous opportunity to start your own business or to add the exceptional Class B Assisted Living facility to your current portfolio in the growing Austin marketplace.