103 W MAIN ST LAKELAND, GA 31635

Features

• Price/sqft: $70
• Lot Size: 22651 sq. ft.
• Stories: 100
• Roof Type: GABLE OR HIP
• Heating: 3
• Exterior Walls: Wood

Facts

• Year Built: 01/01/1940
• Property ID: 851251224
• MLS Number: 134353
• Parcel Number: L04 0076
• Property Type: Single Family Home
• County: LANIER
• Legal Description: LT 100 X 200 W MAIN
• Zoning: RESIDENTIA

Description

This is an MLS listing, meaning the property is represented by a real estate broker, who has contracted with the home owner to sell the home.

This listing is NOT a foreclosure. Great opportunity to buy both real estate and established long-term assisted-living business just outside of downtown Lakeland GA. Lake Irma Personal Care Home has been operated by seller for over 12 years in this central and well known location. 15 bed capacity with both private pay and state assisted paying residents in place now with 24 hour supervision. Building, business, all furniture, fixtures, & equipment go along with this sale - all you need is transition staff / operator. Large corner lot, detached storage building, city water / sewer, & plenty of parking. Lots of retail / professional offices, schools, dining, entertainment all within blocks of this property. Ultra conservative proforma of $2200/mo/bed, stabilized 67% occupancy, and 70% OPEX will be right at a 25%+ cap rate! Current occupancy and financials available to qualified prospects with signed Confidentiality Agmt.