121 S 5th St - Kelly House - Independent and Assisted Living
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121 S 5th St - Kelly House - Independent and Assisted Living
8,924 SF Health Care Building Offered at £1,109,262 in Evansville, WI 53536
Investment Highlights
- Well established retirement and assisted living community
- Includes 2 Independent Living Duplexes
- 17 Licensed Beds and 21 Total Units
- Excellent staff and turnkey operation
Executive Summary
Kelly House is a retirement and assisted living community in Evansville, Wisconsin. Conveniently located 30 minutes south of Madison, this campus includes independent retirement duplexes, assisted living apartments and assisted living rooms. As residents age and their needs progress, they can transition from independent to assisted living in a cozy loving home with support services and close supervision, if needed.
The main building has a 9-unit RCAC (Residential Care Apartment Complex) and a connected 8-unit CBRF (Community Based Residential Facility) for a total of 17 licensed beds. In addition, there are 2 separate Independent Senior Living duplexes (Age 55+) on the property that sit adjacent to the CBRF & RCAC building. All 4 of these IL (Independent Living) units have 1,150 square feet, 2 bedrooms, 1.5 bathrooms, laundry, and 1 car garage. They currently have a waiting list for these units.
The community has been family owned and operated for 34 years. The owners recently retired and the children are running the day to day operations. The main building has a full sprinkler & alarm system and nurse call system. There are 2 HVAC systems, one servicing the common areas and one servicing the resident rooms. Two water heaters and a water softener system. A new elevator was installed in 2022. There is also a laundry room and beauty salon. It's a peaceful setting with an outdoor deck, pond, and sitting areas.
Current occupancy is over 90% and monthly revenue is over $65,000. With a great reputation and loyal staff, this is a turnkey business. Value-Add opportunity with the ability and upside to increase the rates and the Net Operating Income over time.
If interested, please contact Chad Wegner with Senior Care Realty at 608-669-3069.
Please copy and paste the link below to approve our confidentiality agreement:
https://www.seniorcarerealty.com/al-il-campus-south-central-wisconsin
The main building has a 9-unit RCAC (Residential Care Apartment Complex) and a connected 8-unit CBRF (Community Based Residential Facility) for a total of 17 licensed beds. In addition, there are 2 separate Independent Senior Living duplexes (Age 55+) on the property that sit adjacent to the CBRF & RCAC building. All 4 of these IL (Independent Living) units have 1,150 square feet, 2 bedrooms, 1.5 bathrooms, laundry, and 1 car garage. They currently have a waiting list for these units.
The community has been family owned and operated for 34 years. The owners recently retired and the children are running the day to day operations. The main building has a full sprinkler & alarm system and nurse call system. There are 2 HVAC systems, one servicing the common areas and one servicing the resident rooms. Two water heaters and a water softener system. A new elevator was installed in 2022. There is also a laundry room and beauty salon. It's a peaceful setting with an outdoor deck, pond, and sitting areas.
Current occupancy is over 90% and monthly revenue is over $65,000. With a great reputation and loyal staff, this is a turnkey business. Value-Add opportunity with the ability and upside to increase the rates and the Net Operating Income over time.
If interested, please contact Chad Wegner with Senior Care Realty at 608-669-3069.
Please copy and paste the link below to approve our confidentiality agreement:
https://www.seniorcarerealty.com/al-il-campus-south-central-wisconsin
Data Room Click Here to Access
- Offering Memorandum
- Operating and Financials
Taxes & Operating Expenses (Actual - 2021) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
Taxes & Operating Expenses (Actual - 2021) Click Here to Access
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts Under Contract
Room Mix Information
| Description | No. Beds |
|---|---|
| CBRF | 8 |
| RCAC - Efficiencies | 5 |
| RCAC - 1 Bedrooms | 4 |
| 2 Bedroom Duplexes | 8 |
1 of 1
zoning
| Zoning Code | R1 |
| R1 |
1 of 81
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121 S 5th St - Kelly House - Independent and Assisted Living
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