871 Twinforks Ave - Assisted Livings FOR SALE


Auburn, AL 36830- North Auburn
$3,400,000 USD
678-283-0136
871 Twinforks Ave, Auburn, AL for Sale
$3,400,000 USD
Assisted Livings - FOR SALE
1/26
null | Request Cap Rate

NEW


871 Twinforks Ave
Auburn, AL 36830
North Auburn


HIGHLIGHTS

  • Bull Realty Alabama License #: 000083871-0

OVERVIEW

Bull Realty is pleased to present this Assisted Living Facility for sale. The ±33,254 SF building has 43 units and is licensed for 49 beds. The facility located in Auburn, Alabama, whose population is of 82,000, is widely recognized as one of the most dynamic and fastest-growing economies in the Southeastern United States. Auburn, AL is also the home of Auburn University just 9 minutes away from the property. Nearly 68% of residents hold a bachelor’s degree or higher. The city has evolved into a diverse regional hub for advanced manufacturing, technology, high-quality residential living and a retirement destination for Auburn University Alumni. Auburn’s identity is defined by a sophisticated blend of collegiate tradition and modern southern cosmopolitanism. Often referred to as “The Loveliest Village on the Plains,” the city’s culture acts as a powerful driver for the local tourism and hospitality sectors. The senior living community offers elegantly detailed interiors with large suites as well as spacious single rooms. Amenities include a professional kitchen, theater, beauty salon and more. The property offers assisted living with a professional care staff and memory care services. Strong Market • Average Net Worth (Age 75+): $1,696,281 • Average Household Income (Age 75+): $70,747 • Average Home Value: $361,052 • Unmet Demand (10 mile): 82 beds Property Highlights • List Price: $3,400,000 • Gross Revenue: $2,176,894.66 (Actual) • Occupancy: 92.2% (Actual) • Forecast NOI: $544,233.66 (normalizing expenses to 75% of Gross Revenue) • CoStar Southeast Sold Comps: $233/SF • 2025 Weitz Replacement Cost (Construction cost only): $343/SF Financial Highlights (5-Year Hold) • Property Qualifies for a SBA 504 Loan: 25-year term, 85% LTC, and 5.856% interest • Using 12.4 vacancy Year 1 and 10% Years 2 through 10 • Revenue growth 5% per year • IRR: 92.6% • Cash on Cash: 55.2% • Acquisition CAP Rate: 16.01% • Debt Service Coverage Ratio: 2.48 • Projected Sales Year 5: $8.6 million • Sales proceeds after expenses: $5.8 million

FOR SALE DETAILS

PRICE

$3,400,000 USD

PRICE/SF

$100 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY NAME

Assisted Living Facility | For Sale

PROPERTY TYPE

Health Care

PROPERTY SUBTYPE

Assisted Livings

ADD'L SUBTYPES

Congregate Senior Housing, Skilled Nursing Facility

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1998

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

4.46 AC

LAND SF

194,278 SF

ZONING

CDD

APN/PARCEL ID

09-04-20-1-000-204.000

ASK ABOUT THIS PROPERTY

Ernie Anaya, MBABull Realty Inc.More Info
678-283-0136

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Ernie Anaya, MBABull Realty Inc.More Info
678-283-0136

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.