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SOBER LIVING / RECOVERY HOMES 27 BEDS 2 Health Care Properties Offered at $1,125,000 in Multiple Locations
INVESTMENT HIGHLIGHTS
- 27 Bed Recovery Homes, Current Inspection, Legal Use
- Spacious Grounds
- Close to interstates and airports
- 1 Bedroom Guest Cottage
- Circular Drive with Ample Parking
- 2 Separate Locations, Middletown Township and Morrisville
EXECUTIVE SUMMARY
Rare Offering,Legally Compliant Group Home / Sober Living Houses.
Located in Levittown and Morrisville, in Bucks County, Pa. 310 Frosty Hollow Road in Middletown Township, is a 14 Bed Recovery Home with a One Bedroom Guest Cottage.
542 Barclay in Morrisville is a 13 Bed Recover Home
Typical Rents $175. Per Week Per Bed... $175. x 27 = $4725.Per Week x 52 Weeks = $245,700 Potential Gross Rents Annually. Or $20,475. Per Month.
Located in Levittown and Morrisville, in Bucks County, Pa. 310 Frosty Hollow Road in Middletown Township, is a 14 Bed Recovery Home with a One Bedroom Guest Cottage.
542 Barclay in Morrisville is a 13 Bed Recover Home
Typical Rents $175. Per Week Per Bed... $175. x 27 = $4725.Per Week x 52 Weeks = $245,700 Potential Gross Rents Annually. Or $20,475. Per Month.
TAXES & OPERATING EXPENSES (ACTUAL - 2024) |
ANNUAL |
|---|---|
| Gross Rental Income |
$245,700
|
| Other Income |
-
|
| Vacancy Loss |
$24,750
|
| Effective Gross Income |
$220,950
|
| Taxes |
$18,000
|
| Operating Expenses |
$35,000
|
| Total Expenses |
$53,000
|
| Net Operating Income |
$167,950
|
TAXES & OPERATING EXPENSES (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $245,700 |
| Other Income | |
|---|---|
| Annual | - |
| Vacancy Loss | |
|---|---|
| Annual | $24,750 |
| Effective Gross Income | |
|---|---|
| Annual | $220,950 |
| Taxes | |
|---|---|
| Annual | $18,000 |
| Operating Expenses | |
|---|---|
| Annual | $35,000 |
| Total Expenses | |
|---|---|
| Annual | $53,000 |
| Net Operating Income | |
|---|---|
| Annual | $167,950 |
PROPERTY FACTS
| Price | $1,125,000 | Number of Properties | 2 |
| Price / SF | $177.98 / SF | Individually For Sale | 0 |
| Cap Rate | 14.93% | Total Building Size | 6,321 SF |
| Sale Type | Investment | Total Land Area | 0.65 AC |
| Status | Active |
| Price | $1,125,000 |
| Price / SF | $177.98 / SF |
| Cap Rate | 14.93% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 6,321 SF |
| Total Land Area | 0.65 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 310 Frosty Hollow Rd, Levittown, PA 19056 | Health Care | 3,660 SF | 1860 | - |
| 542 Barclay Ave, Morrisville, PA 19067 | Health Care | 2,661 SF | 1946 | - |
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Shay Real Estate
SOBER LIVING / RECOVERY HOMES 27 BEDS
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