| Message Number | 396302 | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| status | Active | ||||||||
| Subject Line | SW Ontario, Community Homes for Opportunity (CHO) formerly Homes for Special Care (HSC), triplex, 8 funded beds | ||||||||
| Business area |
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| Have/Want | Have | ||||||||
| Business category | Business Opportunities | ||||||||
| Date of Listing | March 1 2021 | ||||||||
| Type Description | Mental Health Group Home | ||||||||
| Location | SW Ontario close to London | ||||||||
| Price | $1,500,000.00 | ||||||||
| Size | triplex; 3 beds per floor | ||||||||
| Gross Income | $172,000.00 | ||||||||
| Expenses | $55,000.00 | ||||||||
| Net Income | $122,000.00 | ||||||||
| Cap Rate | 8% | ||||||||
| Comments | EXCLUSIVE. Incredible Triplex - Income Property. Community Homes for Opportunity (CHO), formerly Homes for Special Care (HSC) with GUARANTEED INCOME; flow through from MOHLTC to CMHA. This is by far the best location for a home of its kind, located indesirable and highly sought-after neighbourhood (location is confidential to protect residents/staff; SW Ontario), steps to shops and public transportation.
Always 100% occupied, 8 resident-home in excellent shape with gross income of $175k and net of $120k. Income is TAX FREE (with exemptions). COMPLETE TURNKEY OPERATION for investor or live in owner/operator. Currently manager on site, CMHA employees for vocational programming (no cost to owner/operator) and owners live out of town. Not going to find this type of return anywhere else. Buyer must have experience, knowledge and/or background working with mental health. Non-Disclosure Agreement (NDA) must be signed for more information/financials and location. Call TODAY for details. Won't last long, don't miss this one! Rahim Charania 519-859-0133. rahimcharania@gmail.com. $1,500,000 |
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| Internet Links | |||||||||
| Member Identifier | 11393 | ||||||||
| Control | Exclusive | ||||||||
| Name | Rahim Charania | ||||||||
| Title | |||||||||
| Company Name | Realty Firm Inc., Brokerage | ||||||||
| Address Line One | 395 Wellington Road, 11B | ||||||||
| City | London | ||||||||
| State/Province | Ontario | ||||||||
| Zip/Postal Code | N6C 5Z6 | ||||||||
| Country | Canada | ||||||||
| Business Phone Number | (519)859-0133 | ||||||||
| Cell Number | 5198590133 | ||||||||
| Email Address | Send Email | ||||||||
| Home Page | Home Page |
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