704 Main St Mount Hope, KS 67108-9408

Property Details for 704 Main St

Year built

1974

Construction

FRAME

Lot size

2.75 lot acres

Property size

19,990 SF

Property type

Assisted living facilities

Property subtype

Retirement homes

APN

087-055-16-0-34-01-002.00

APU

87055160340100200

Description

Exceptional opportunity to acquire a well-established, 40-unit Class A nursing home in Mount Hope, Kansas. Located at 704 E Main St, 67108, this property boasts a strong operational history, having previously ranked among the top 20 nursing homes in the state. The facility, built in 1974, benefits from a recently completed (January 2023) sale, featuring a full commercial kitchen, shared access with adjacent Larsen Senior Apartments, and convenient outbuildings including transportation, shop, and storage facilities. A significant advantage is the assumable USDA Rural Development Loan of $550,000 at a fixed 3.5% interest rate until 2038, with no points or fees. The property includes a newer HVAC system and a backup generator, ensuring operational efficiency and reliability. Most equipment necessary for skilled nursing home operation is already in place. The location is just 15 minutes northwest of Wichita, offering easy access to major transportation routes via K-96. Priced at $800,000 ($20,000 per unit), this represents a compelling investment opportunity in a thriving market. The property's history of providing high-quality care, coupled with its advantageous financing and operational features, positions it for continued success and strong returns. This is a rare chance to acquire a turnkey operation with significant upside potential.