436 700th N Orem, UT 84097-4139
- Assisted living facilities
- 5,802 SF
- 0.51 lot acres
Mar 13, 2023
Current Use by Public Records
- Bel Aire Assisted Living / Assisted Living Facility
- The Church of Jesus Christ of Latter-day Saints / Non-Profit Organization / Church
Property Details for 436 700th N
- Year built
- 1998
- Lot size
- 0.51 lot acres
- Property size
- 5,802 SF
- Property type
- Assisted living facilities
- Property subtype
- Retirement homes
- APN
- 44-018-0090
- APU
- 440180090
Description
This exceptional 14-unit assisted living facility presents a compelling investment opportunity in Orem, Utah. The property, known as Bel Air of Orem, boasts 5,802 square feet situated on a 0.51-acre lot. Built in 1998, this single-story Class B building offers 17 beds across its 14 units. Currently operating at 60% occupancy, this presents a significant upside for a new owner to increase revenue. The property is licensed by the Utah Department of Health as a Type-1 assisted living facility. Financial records indicate a Net Operating Income (NOI) of $86,350. The asking price is $1,000,000. Located at 436 E 700 N, Orem, UT 84097, this property offers a strong foundation for growth within a thriving senior living market. The existing infrastructure provides a solid base for expansion and increased profitability. This is a rare opportunity to acquire a well-established assisted living facility with substantial potential for increased occupancy and revenue generation. The property's location in Orem, Utah, offers convenient access to amenities and services, further enhancing its appeal to residents and their families. This is an owner/user investment opportunity with significant potential for return.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Orem
- County
- Utah
- State
- Utah
- Longitude
- -111.685
- Latitude
- 40.3097
- CBSA code
- 39340
- CBSA name
- PROVO-OREM, UT METROPOLITAN STATISTICAL AREA
