Investment Overview
Discover an exceptional investment opportunity on the outskirts of Albert City! This expansive 41,421 SF property, constructed in 1965 and renovated in 2003, encompasses 29 nursing home units and 17 market rate apartments. The existing apartments bring immediate income while the nursing home (not currently utilized) could continue its current use or be repurposed for apartments/school/or another other use you can envision. Boasting solid construction and situated in a prime location, this property offers limitless potential for a variety of applications. With its versatility and ample space, this property is a rare find in today's market. Don't miss out on the endless possibilities and watch your vision come to life in this unique property.
Investment Highlights
- Expansive 41,421 SF building
- 46 units (29 nursing home, 17 apartments) for versatile use
- Solid construction from 1965 with updates as recent as 2003
- Located on prime north/south Highway 197 in Albert City