Residential care facility, founded in 1974, and at current location since 1988. Licensed as a "Residential Care Facility and Assisted Care Facility"; specialized in care for the mentally ill, with close ties to the Mental Health Center for the State; and authorized to provide housing for the elderly. Family owned and operated, with 26 full-time and 1 part-time employees. Licensed for 183 beds, currently has 90+ clients (double occupancy). Property also has 15 cabins that can be rented as efficiencies for the elderly; a 2-BR efficiency cabin; and a 2000 sqft 2-BR/2 Bath administrator’s apartment which are not included in the residential care facility license. Most clients are on a combination of SSI, SSD, and veteran benefits; and provide Personal Care Services for those on Medicaid. Property is included in the sale, and includes 5.97 Acres, with central facility, cabins, and administrator's house. (pictures/blueprints of the facilities included in the package).
Refer to File #72100BB. Please respond with your name, email/mailing address and telephone/fax no.(s) so we may send a confidentiality agreement.
Listed Price: $4,250,000
Gross Revenue: $1,571,194
Cash Flow: $219,134
Real Estate: Seller owns
Included in Sale: Yes
Primary Business Type: Medical, Assisted Living
Secondary Business Type: Medical, Long Term Care Facility
Year Established: 1974
Employees: 26FT, 1PT
Support & Training: Negotiable
Reason for Selling:
Office Reference ID: #72100BB
Contact : Charles Harvey
Photo: Amelia and Kristy
Photographer: Bruce Turner
Licenses: Attribution 2.0 Generic
"Texas Real Estate Commission Information About Brokerage Service",
"Texas Real Estate Commission Consumer Protection Notice."