investment opportunity | offering memorandum property title
TRANSCRIPT
Investment Opportunity | Offering Memorandum
Property TitleAddressCity, ID
Firstname LastnameTitle | Additional Detail+1 555 555 [email protected]
Oliver Maron208 472 [email protected]
Jeremiah Bullock208 284 [email protected]
View Offering Memorandum
Investment Opportunity | Sale Summary
3909 W Clement RoadBoise, ID 83704
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Investment Highlights & Financial Summary
3903 W Clement Road Assisted Living Facility offers the following advantages:
• Established business plus real estate included.
• 9 bedrooms with a license for 10 patients and 3 baths.
• Upside opportunity to add occupants
• 3 private pay occupants, 5 medicaid paid occupants
• Owner operated with low overhead and expenses
• Consistent occupancy with same occupants for several years
Property Type Health Care : Assisted Living
Offering Price $949,900
Price PSF $356
Cap Rate 12.67%
Net Operating Income* $121,526
Building Size 2,666 SF
Lot Size 0.32 Acres
* in addition to the NOI, owner benefits from an IRS Section 131c deduction in excess of $100,000.
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Property Description
• 2,666 SF with 9 bedrooms with a license for 10 patients and 3 baths.
• Addition of 6 bedrooms and 2 bathrooms, wrapped around patio and driveway in 2008.
• Original structure roof replaced in 2007.
• Opportunity to add 2 additional occupants. (one room has 2 beds with 1 occupied and is certified for dual occupancy; a vacant room with own bathroom is currently not used).
• Garage can be converted to additional living space or employee/staff room.
• Six separate french doors lead to the covered back deck which is wheelchair accessible.
• Plenty of safe backyard space that is completely fenced in.
Property Address:3909 W Clement Rd Boise, ID 83704
Parcel size:0.32 Acres
Building Size:2,666 SF Assisted Living Facility
Occupancy:3 private pay occupants 5 medicaid paid occupants
View Offering Memorandum
3909 W Clement Road, Boise | Sale Summary | 4
Property Photos
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Google Map Street ViewArea Map
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Boise is Idaho’s largest city and the anchor of the Treasure Valley where nearly half of Idahoans reside.
The city has established a unique reputation for a high quality of life, a prosperous business community, a vibrant arts & culture scene, and world re-known recreation—in one unbeatable pack
The scope and depth of Boise’s vast array of activities take many first-time visitors by surprise. After all, few mid-sized cities can match Boise’s blend of cultural opportunities and outdoor recreation. Venturing around downtown or enjoying the Boise River or foothills, Boise is no ordinary place.
Resources:
www.cityofboise.org
www.boise.org
2020 population
246,102
2019 Average Household Income
$63,000
Best State to LiveLivability, 2020
#1
Local Area Overview - Boise
Average Commute Time
22
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Demographics
1 Mile 3 Miles 5 Miles 10 Min DrivePopulation2020 Estimated Population 10,865 103,338 214,198 98,651
2025 Projected Population 12,429 118,283 245,892 113,234
2010 Census Population 10,530 96,135 191,604 91,158
Projected Annual Growth ‘20-‘25 2.9% 2.9% 3.0% 3.0%
Household2020 Estimated Households 4,603 45,215 92,379 42,680
2025 Projected Households 5,152 50,706 103,556 47,908
2010 Census Households 4,270 40,072 78,632 37,458
Historical Annual Growth ‘00-‘20 0.7% 1.1% 1.6% 1.3%
Income2020 Est. Average HH Income $81,177 $74,712 $82,588 $72,209
2020 Est. Median HH Income $63,039 $63,484 $68,519 $61,991
Misc.2020 Median Home Value $260,811 $279,458 $300,691 $273,778
2020 Median Rent $851 $861 $850 $857
2020 Est. Median Age 42.7 39.4 38.6 38.8
2020 Average Travel Time to Work 17.5 17.7 17.4 17.6
2020 Est. Labor Population Age 16+ 9,060 86,221 177,725 82,168
2020 Est. Total HH Expenditure $278.98 M $2.59 B $5.66 B $2.39 B
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Investment Opportunity | Sale Summary
3909 W Clement Road Boise, ID 83704