This property would make a fantastic senior care facility. It was successful as a senior care facility in the past and can be brought back. The Baby Boomers are aging and need care. A senior care facility is a recession resistant business for a smart investor. Hire an administrator and a nurse then a cook and then fill the beds. With 13 bedrooms you could accommodate a lot of seniors and make this a stable and profitable business.Current owner started the project to convert the building into 9 apartments and is at the phase where an architect needs to draw up plans for the conversion. A $150-200k renovation would finish this conversion and give the area some much needed housing. Additionally, the rental income is estimated at over $9,000 monthly. Seller is a real estate licensee
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
