Log In/Sign Up
Your email has been sent.
1930 River Falls Dr - Heritage Retreat Kingwood 2,388 SF Health Care Building Offered at $650,000 in Kingwood, TX 77339
Investment Highlights
- Fully equipped to begin operations
Executive Summary
This is a fully furnished property is an established Type B,10-bed personal care group home,offering a rare turnkey opportunity for operators, investors, or entrepreneurs interested in the assisted living industry. Already approved for a load occupancy of 10 residents, meets state requirements and is fully equipped to begin operations with minimal effort. Whether you are looking to launch an assisted living facility or repurpose the space as a high-performing Airbnb, this property provides the flexibility and infrastructure to support various profitable business models.The home has all essential life-safety systems in place, including a full fire-sprinkler system, and complies with fire marshal standards. It meets annual inspection codes,and all state-required safety and operational tests have already been completed. Bathrooms were also updated to meet accessibility standards, and several additional upgrades were completed to enhance both aesthetic appeal and operational ease.
Financial Summary (Pro Forma - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$500,000
|
$209.38
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$60,000
|
$25.13
|
| Effective Gross Income |
$440,000
|
$184.25
|
| Taxes |
$10,197
|
$4.27
|
| Operating Expenses |
$144,000
|
$60.30
|
| Total Expenses |
$154,197
|
$64.57
|
| Net Operating Income |
$285,803
|
$119.68
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $500,000 |
| Annual Per SF | $209.38 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $60,000 |
| Annual Per SF | $25.13 |
| Effective Gross Income | |
|---|---|
| Annual | $440,000 |
| Annual Per SF | $184.25 |
| Taxes | |
|---|---|
| Annual | $10,197 |
| Annual Per SF | $4.27 |
| Operating Expenses | |
|---|---|
| Annual | $144,000 |
| Annual Per SF | $60.30 |
| Total Expenses | |
|---|---|
| Annual | $154,197 |
| Annual Per SF | $64.57 |
| Net Operating Income | |
|---|---|
| Annual | $285,803 |
| Annual Per SF | $119.68 |
Property Facts
| Price | $650,000 | Lot Size | 0.24 AC |
| Price Per Bed | $65,000 | Building Size | 2,388 SF |
| Sale Type | Investment | No. Beds | 10 |
| Property Type | Health Care | No. Stories | 1 |
| Property Subtype | Assisted Living | Year Built/Renovated | 1973/2022 |
| Building Class | C | ||
| Zoning | None | ||
| Price | $650,000 |
| Price Per Bed | $65,000 |
| Sale Type | Investment |
| Property Type | Health Care |
| Property Subtype | Assisted Living |
| Building Class | C |
| Lot Size | 0.24 AC |
| Building Size | 2,388 SF |
| No. Beds | 10 |
| No. Stories | 1 |
| Year Built/Renovated | 1973/2022 |
| Zoning | None |
Amenities
- Wheelchair Accessible
- Smoke Detector
1 1
Fairly walkable
40/100
Exceptionally drivable
90/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 1032420000017 | Total Assessment | $435,654 (2025) |
| Land Assessment | $77,472 (2025) | Annual Taxes | $10,197 ($4.27/SF) |
| Improvements Assessment | $358,182 (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
1032420000017
Land Assessment
$77,472 (2025)
Improvements Assessment
$358,182 (2025)
Total Assessment
$435,654 (2025)
Annual Taxes
$10,197 ($4.27/SF)
Tax Year
2026
1 of 65
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
1930 River Falls Dr - Heritage Retreat Kingwood
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.