1607 Us-43 Demopolis, AL 36732
- Retirement homes
- 20,826 SF
- 2.92 lot acres
Current Use by Public Records
- Retirement homes
Property Details for 1607 Us-43
- Year built
- 1999
- Lot size
- 2.92 lot acres
- Property size
- 20,826 SF
- Property type
- Retirement homes
Description
This exceptional turnkey senior living facility, Sonrise Assisted Living, presents a compelling investment opportunity. Located in Demopolis, Alabama, this property boasts 32 units, a mix of one- and two-bedroom apartments, each featuring a private bath. Residents enjoy ample shared spaces, including a common living room, dining room, game room, and salon. On-site amenities include a laundry facility, kitchen, secure medical storage room, and office space. Outdoor spaces provide a relaxing atmosphere with a patio and sitting porch. The property comprises two single-story buildings totaling 20,826 square feet, situated on a 2.92-acre lot. Built in 1999, the property features a less-than-10-year-old architectural shingle roof and vinyl siding/soffits. Ten HVAC units ensure climate control. The property currently enjoys a 91% occupancy rate, generating a 10% cap rate at an asking price of $1,800,000 ($86.43/sq ft). Concrete parking is available. This well-maintained facility offers a strong return on investment in a desirable location. The property's APN is 0109293006002003. This is a rare opportunity to acquire a thriving senior living community with significant upside potential.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Demopolis
- County
- Marengo
- State
- Alabama
- Longitude
- -87.8147
- Latitude
- 32.4987
