Message Number407003
statusActive
Subject LineHave in Simcoe 18 bed Residential Care Home, 1.25M, 11-13% CAP RATE - Turnkey
Business area
Canada
Ontario
Southwestern Ontario
Simcoe
Have/WantHave
Business categoryBusiness Opportunities
Date of ListingMay 25 2022
Type DescriptionResidential Care Home
LocationSimcoe, Ontario
Price$1,250,000.00
Building area2800
Gross Income$350,000
Expenses$180,000
Net Income$170,000
Cap Rate13.6
CommentsEXCLUSIVE LISTING - INCOME PROPERTY - $1,250,000 with 13.6% cap rate. (1.75% to Buyer Agent)

Income Property. Community Homes for Opportunity (CHO). Great location in a desirable, growing and highly sought-after community (disclosed upon signing Confidentiality Agreement), steps to shops and public transportation. Always 100% occupied, 18 resident-home.

COMPLETE TURN KEY OPERATION. Income is TAX FREE (with exemptions) if owner / operator and primary residence.

BUYER must have some experience in working with people who experience mental health illness.

Rahim Charania, Broker
519-859-0133
Internet Linkswww.rahimcharania.ca
www.sellwithrahim.ca
www.charaniagroup.com
Member Identifier11393
Client DetailsUser/Manager
Client SituationNo Real Problem
Clients ObjectiveRetire/Passive
Client WillTake Back Mortgage
ControlExclusive
NameRahim Charania
TitleBroker
Company NameeXp Realty
Address Line One380 Wellington Street, Tower B, 6th Floor
CityLondon
State/ProvinceOntario
Zip/Postal CodeN6A 5B5
CountryCanada
Business Phone Number(519)859-0133
Cell Number5198590133
Email AddressSend Email
Home PageHome Page

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