5000 E. Richland Rd.
Columbia, MO
Contact:
John Hancock
(573) 489-5201
jhancock@jlmproperties.com
For Sale: $1,900,000.00 - 9.55% Cap Rate
Lot: 4.57 Acres
Zoning: P-D, Planned Development
Units: 14
NOI: $181,620.00
Property Features:
The Assisted living facility is a nine-unit complex. The original single-family home was built in 1962, which was extremely renovated in 2013 to allow for the original three assisted living rooms/beds. An activity room was converted for an additional (fourth) bedroom in 2017. A five - unit addition was completed in 2015. The existing structure includes a total of nine assisted living units, as well as an office, kitchen, dining area and a walk-out basement that is used for storage and other administrative purposes. While there are nine bedrooms, the facility is licensed for 10 which would allow for one double room if desired.
The 2nd building consists of five independent living units. Four units are 1-bedroom/1-bathroom units, and one unit is a 2-bedroom/2-bathroom layout. All five units will include a living room, full kitchen and walk-in closets. There is also a common area with a lounge, central laundry room, and a bathroom. The independent living addition works in conjunction with the assisted living facility, as one daily meal offered to residents and staff from the existing facility will also serve the needs of the residents in the addition. However, residents in these units will require a lower level of care than those in the existing assisted living units.
The subject site is 4.57 acres, situated on the eastern border of the city of Columbia. The site is adjacent to a 10 acre lake, which are an appealing feature of the property.
All cash flow information is available upon request.
Brochure
For more information please contact:
John Hancock
(573)489-5201
jhancock@jlmproperties.com
Lot: 4.57 Acres
Zoning: P-D, Planned Development
Units: 14
NOI: $181,620.00
Property Features:
The Assisted living facility is a nine-unit complex. The original single-family home was built in 1962, which was extremely renovated in 2013 to allow for the original three assisted living rooms/beds. An activity room was converted for an additional (fourth) bedroom in 2017. A five - unit addition was completed in 2015. The existing structure includes a total of nine assisted living units, as well as an office, kitchen, dining area and a walk-out basement that is used for storage and other administrative purposes. While there are nine bedrooms, the facility is licensed for 10 which would allow for one double room if desired.
The 2nd building consists of five independent living units. Four units are 1-bedroom/1-bathroom units, and one unit is a 2-bedroom/2-bathroom layout. All five units will include a living room, full kitchen and walk-in closets. There is also a common area with a lounge, central laundry room, and a bathroom. The independent living addition works in conjunction with the assisted living facility, as one daily meal offered to residents and staff from the existing facility will also serve the needs of the residents in the addition. However, residents in these units will require a lower level of care than those in the existing assisted living units.
The subject site is 4.57 acres, situated on the eastern border of the city of Columbia. The site is adjacent to a 10 acre lake, which are an appealing feature of the property.
All cash flow information is available upon request.
Brochure
For more information please contact:
John Hancock
(573)489-5201
jhancock@jlmproperties.com
