1409 72nd Ave - 1407-09 72nd Ave

Here presented to you are two 3-story twin townhomes combined into one with a global heath care service operating and occupying the whole building. The 1st and 2nd floor of this property has no partition wall so each side is connected to the other. The 3rd floor is under construction to open that wall up to connect both sides of the building. This operation contains 11 rooms with 15 total beds with each bed currently occupied with a patient. Each bed generates $1,500/month grossing $22,500/month and $270,000/year. The owner is currently extending the 3rd floor of the property to add 3 more rooms which can hold 9 more beds to generate even more income. The whole property is carpeted throughout and has a boiler system with radiators for heating and window units for cooling. The 1st floor in the back has a big bathroom with 3 toilets and 1 shower and a private bath for the staff. The second floor has 2 full baths while the 3rd floor has 1 full bath. The basements of these two properties are currently separated. On one side contains the kitchen, office for the staff, and a laundry room. The kitchen comes equipped with a commercial refrigerator and freezer along with a pantry. The other side of the basement is semi finished and is used for storage. The exterior has a beautiful wrap around porch on the ground level with a ramp connected for easy wheel chair access. Additionally, the building is set up with multiple exits and a fire alarm system with smoke detectors wired into the system. The property is currently zoned as RSA-3 but has a rental license for 9 residential units in addition to a Certificate of Compliance from the Department of Human Services that allows for this operation to care for up to 15 patients. It is the responsibility of the buyer to confirm zoning and use of the property. This building is located just south of Cheltenham Ave in West Oak Lane. This location has a walk score of: 78, Transit Score of 52, and Bike score of 54. Nearby parks include Russel Park, Melrose Park and Simons Playground. Don't miss this opportunity to acquire a cash cow of an investment at 1407-09 72nd Ave!
For all showings, buyers will need to submit a Letter of Intent and provide Proof of Funds. Additionally, buyers must possess a Personal Care Home Administrator License or provide proof of enrollment in related classes.