16-Bed Assisted Living for Sale in San Antonio TX

Fully licensed and established Type B Assisted Living Facility with a Cap Rate of 10%. We are conveniently located in Northwest San Antonio and within minutes of major Medical Hospitals, La Cantera, and The Rim. The Company has the capacity to care for 16 private pay residents. Serious Inquiries Only. Signed NDA required for release of financials, business docs. Agent is Co-Owner. Location: San Antonio, Texas Year Established: 2019 Number of Employees: 15 Home Based: Yes Real Estate: Owned Building Sq. Ft.: 7,853 Facilities: The subject facility was custom built for assisted living services. The luxury residence sits on half and acre and is 8,000 sqft with 10-ft ceilings throughout, 8ft doors, oversized hallways, 3 living rooms, 16 private bedrooms, 21 bathrooms, an office, and an RV for live-in caregiver. Market Outlook/ Competition: The real estate market has flourished in 2021—the 2020 San Antonio residential sales were up 11.4% from 2019 (the largest year-over-year increase since 2014) and the median price of homes sold in February 2021 was $269,000, a 13.8% increase year over year (the highest rise in 17 years). The performance of the housing market has a positive impact on older individuals who potentially decide to sell their homes in order to finance costs of assisted living. The US population of individuals 65 and over is set to increase almost 50% between 2016 and 2030.