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Property profile & analytics
OFF-MARKET
Residential income homes

111 Altmeyer Dr Kittanning, PA 16201-9527

8,896 SF 2.7 ac lot Built 1996
Entity Owned 11-yr Hold ~ Est. High Equity
Property ID
US73-2835031
Property summary
AI-generated overview

This exceptional investment opportunity in Kittanning, PA, presents a well-established assisted living facility operating successfully since 2014. The property encompasses 11,696 square feet distributed across two buildings situated on a 2.7-acre lot. Known as Country Manor Personal Care Home, the facility offers 30 units, comprising 28 studio-like units with shared bathrooms and two units with private bathrooms. Additional features include three storage/equipment rooms for staff, a staff common area, a nursing station, an office, a fully equipped kitchen, and two resident common areas. Currently housing 26 residents, the facility has a capacity of 50, offering substantial room for expansion and increased revenue. A dedicated team of 13 employees ensures high-quality care and a supportive environment. The property's location in Kittanning, along the Allegheny River, provides a blend of small-town charm and convenient access to amenities beneficial to a residential care facility. This turnkey operation presents a compelling opportunity for investors seeking a profitable and established business in a desirable location. The property's size and existing infrastructure offer significant potential for future development and expansion to meet growing community needs.

Property profile
Verified
Property type Residential income homes
Use group BOARDING/ROOMING HOUSE
Year built 1996
Total area 8,896 SF
Lot 2.7 ac (117,612 SF)
APN 38-0-063131
UPID US73-2835031
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Country Manor Personal Care Home Nursing Home
Value estimations
Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Owner & transaction history
Cedar Management LLC · 11 yrs held
Cedar Management LLC
since 2014
2 recorded transactions
2014
$155,000
2005
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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