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311 4th St E - Former Napoleon Care Center 44,665 SF Health Care Building Offered at $1,500,000 in Napoleon, ND 58561
INVESTMENT HIGHLIGHTS
- 2 Wings currently producing income
- Controlled access, security systems, and sprinkler systems all up to code
- Main building has crawl space for easy wiring and remodeling
EXECUTIVE SUMMARY
Former nursing home with 48 rooms, a professional kitchen, office space, covered patio and more. The newer wings are being rented as ten 55+ units (1 and 2 bedroom) with 10 garages available to rent and 8 furnished studio apartments. Each wing has it's own heating supply so there are possibilities of splitting up the building for separate purposes. This property qualifies for multiple state and federal funding sources depending on use. See brochure for more information.
FINANCIAL SUMMARY (PRO FORMA - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$235,000
|
$5.26
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$235,000
|
$5.26
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (PRO FORMA - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $235,000 |
| Annual Per SF | $5.26 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $235,000 |
| Annual Per SF | $5.26 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
PROPERTY FACTS
| Price | $1,500,000 | Lot Size | 2.83 AC |
| Price Per Bed | $187,500 | Building Size | 44,665 SF |
| Sale Type | Investment | No. Beds | 8 |
| Sale Condition | Redevelopment Project | No. Stories | 1 |
| Property Type | Health Care | Year Built/Renovated | 1965/2021 |
| Property Subtype | Assisted Living | Corridor | Interior |
| Building Class | C |
| Price | $1,500,000 |
| Price Per Bed | $187,500 |
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| Property Type | Health Care |
| Property Subtype | Assisted Living |
| Building Class | C |
| Lot Size | 2.83 AC |
| Building Size | 44,665 SF |
| No. Beds | 8 |
| No. Stories | 1 |
| Year Built/Renovated | 1965/2021 |
| Corridor | Interior |
ROOM MIX INFORMATION
| DESCRIPTION | NO. BEDS |
|---|---|
| 55+ 1 Bedroom Apartment | 0 |
| 55+ 2 Bedroom Apartment | 0 |
| Furnished Studio Apt | 0 |
| Temp Controlled Storage | 0 |
| Garages | 0 |
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VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
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311 4th St E - Former Napoleon Care Center
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