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3491 Crestwood Drive
Morganton, North Carolina NC 28655-8787
Listing ID 3894653
Price: $1,250,000
Active Status
4 Total Baths
3,545 SqFt
2.250 Acres
Investment Opportunity: Hope Ridge Family Care is an upscale Four-Star Rated assisted living facility specializing in elderly care. Licensed administrators and certified staff provide 24/7 medical and personal care in the Foothills of North Carolina. Residents are cared for like a family. The facility is a cash-only establishment with a capitalization rate of 7%. Visitors must wear masks with no fever or sickness within the last seven days and ask to sanitize hands and refrain from touching surfaces.
County: Burke
Price Before Reduction: 1350000
Price Reduction Date: 2023-05-23T15:15:28+00:00
Property Sub Type: Special Purpose
Property Type: Commercial
Year Built: 1984
Zoning: R-1
Cooling: Ceiling Fan(s), Central Air
Flooring: Carpet, Tile, Laminate, Linoleum, Marble, Hardwood, Tile, Vinyl, Vinyl, Other - See Remarks
Heating: Central, Electric, Zoned
SqFt Available Maximum: 3545
SqFt Available Minimum: 2092
Construction Type: Site Built
Flood Plain: No
Foundation Details: Slab, Other - See Remarks
Lot Size Dimensions: 304x308x530x427x295
Lot Size Units: Acres
New Construction: no
Number Of Buildings: 1
Number Of Units Total: 1
Other Parking: Five (5) paved parking spaces, and five (5)+ spaces on gravel.
Parking Total: 12
Rail Service: No
Road Frontage: 304
Road Frontage Type: City Street, County Road, State Road
Road Responsibility: Publicly Maintained Road
Roof: Shingle, Insulated, Wood, Wood
Utilities: Cable Connected, Electricity Connected, Fiber Optics, Phone Connected
Building Area Total: 3545
Elevation: 1000
HOA Subject To: None
Inside City: yes
Waterfront Features: None
Accessibility Features: Two or More Access Exits, Bath 60 Inch Turning Radius, Bath Grab Bars, Bath Low Mirrors, Bath Raised Toilet, Roll-In Shower, Closet Bars 15-48 Inches, Door Width 32 Inches or More, Lever Door Handles, Doors-Recede, Entry Slope less than 1 foot, Exterior Curb Cuts, Hall Width 36 Inches or More, Handicap Parking, Kitchen 60 Inch Turning Radius, Kitchen Low Cabinetry, Mobility Friendly Flooring, Ramp(s)-Main Level
Builder Name: RESALE
Deed Reference: 2449/0723
Plat Book Slide: 59/45(1)
Plat Reference Section Pages: 6/116
Possible Use: Multi-Family, Residential, Other - See Remarks
Auction Bid Information: Actual List Price
Auction Bid Type: Bid
Easement: Electric,Sewer,Telephone,Water
Financing Information: CASH ONLY
Gross Income: 432000
Gross Scheduled Income: 432000
Inclusions: Building,Business,Equipment,Fixtures,Inventory,Land,Licenses
Net Operating Income: 108000
Number Of Units Leased: 6
Operating Expense: 122500
Proposed Special Assessment: no
Restrictions: Livestock Restriction,Signage,Square Feet,Other - See Remarks
Restrictions Description: NCDHHS Requirements for Family Home Care.
Special Listing Conditions: None
SqFt Maximum Lease: 196.00
SqFt Minimum Lease: 115.00
Transaction Type: For Sale

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Listed by: Convergence Real Estate Professionals 828-446-7690

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