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698 North Beaulah St - The Gardens 37,000 SF Health Care Building Offered at $2,100,000 at a 11.43% Cap Rate in Hawkins, TX 75765

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INVESTMENT HIGHLIGHTS

  • P&L are under documents

EXECUTIVE SUMMARY

There are four buildings. 648,698, 830, 840 North Beaulah Street. 830 and 840 North Beaulah Street are located on separate tracts
of land from 698 and 648 North Beaulah Street. 830 and 840 each has 16 beds each. 648 and 698 have 8 beds each. All four are
licensed with State of Texas Health and Human Services.
There is a separate tract which is ground leased to Veterans of Hawkins for Veterans Memorial. They pay taxes on the land. Lastly, I
am calling an REO sale because Carroll Partners owns the property and has decided to sale.

PROPERTY FACTS

Price $2,100,000
Price Per Bed $43,750
Sale Type Investment or Owner User
Cap Rate 11.43%
Sale Condition REO Sale
Property Type Health Care
Property Subtype Assisted Living
Lot Size 12.77 AC
Building Size 37,000 SF
No. Beds 48
No. Stories 1
Year Built 2000
Parking Ratio 1.6/1,000 SF
Cross Streets Glazner
Opportunity Zone Yes

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
R11791
Land Assessment
$41,070
Improvements Assessment
$1,327,370
Total Assessment
$1,368,440
  • Listing ID: 32989896

  • Date on Market: 8/28/2024

  • Last Updated:

  • Address: 698 North Beaulah St, Hawkins, TX 75765

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