Your Central Oregon Realtor

625 Barbara Drive

Grants Pass , OR 97526

MLS#: 220212462

$1,750,000

Status: Active
Listing number: 220212462
Listing provided by: RE/MAX Integrity Grants Pass
Listing agent phone: None
Last update: 7 hours ago
On site: 19 days ago
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Property

Beds

None

Full Baths

None

1/2 Baths

None

Year Built

1970

Sq.Footage

N/A

Licensed Residential Care Facility offered with real estate and operating business. Forest Meadows RCF is a fully licensed 15-bed facility currently operating at approximately 93% occupancy with 14 residents in place. Trailing twelve-month financials reflect $708,880 in annual gross revenue with verified net operating income of $304,887, representing a 17.42% cap rate at the $1,750,000 asking price. The facility is situated on 7.95 park-like acres just outside Grants Pass and includes approximately 8,001 square feet with 10 resident bedrooms and private caregiver quarters. Extensive capital improvements include a 50-year roof, multiple HVAC systems, remodeled kitchen, updated flooring, and a 1,728 sq ft shop and garage. Operations benefit from an established referral network with the VA and local medical providers. Sale includes real estate and operating business. Financials available with executed NDA.

Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Cooling YN

    YES

  • Cooling

    Central Air, Heat Pump

  • Heating YN

    YES

  • Heating

    Electric, Heat Pump

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Construction Materials

    Frame

  • Other Exterior Features

    Garden, Courtyard

  • Parking

    Attached, Garage Door Opener, Gravel, RV Access/Parking, Workshop in Garage, Parking Lot

  • Patio and Porch Features

    Front Porch, Rear Porch, Wrap Around, Covered, Deck

  • Pool

    No

  • View

    Trees/Woods, Forest, Territorial

Area & Lot

  • Lot Features

    Garden, Level

  • Lot Size(acres)

    7.95

  • Property Type

    Commercial Sale

Price

  • Sales Price

    $1,750,000

  • Tax Amount

    5613.7

  • Zoning

    Rr5; Rural Res 5 Ac

  • Sq. Footage

    N/A

  • Price/SqFt

    N/A

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Foundation Details

    Block, Concrete Perimeter

  • Sewer

    Private Sewer

  • Tax Lot

    110

  • Water Source

    Private, Well

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Location

County

Josephine

Elementary School

Middle School

High School

Listing Courtesy of Michael O'Coyne , RE/MAX Integrity Grants Pass

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TaylorLabno

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(850) 789-7727

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Licensed Residential Care Facility offered with real estate and operating business. Forest Meadows RCF is a fully licensed 15-bed facility currently operating at approximately 93% occupancy with 14 residents in place. Trailing twelve-month financials reflect $708,880 in annual gross revenue with verified net operating income of $304,887, representing a 17.42% cap rate at the $1,750,000 asking price. The facility is situated on 7.95 park-like acres just outside Grants Pass and includes approximately 8,001 square feet with 10 resident bedrooms and private caregiver quarters. Extensive capital improvements include a 50-year roof, multiple HVAC systems, remodeled kitchen, updated flooring, and a 1,728 sq ft shop and garage. Operations benefit from an established referral network with the VA and local medical providers. Sale includes real estate and operating business. Financials available with executed NDA.

625 Barbara Drive

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