Multifamily Property for Sale in Princeton, IL

  • Price: $800K
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Princeton, IL 61356
  • Size: 2,992 SF

Description

KW Commercial and My ALF Consultant are pleased to offer for sale a well-established, family-owned assisted living and memory care facility, licensed for up to 14 beds across 12 units. This facility is part of a portfolio of three properties owned by the same company, with the owner looking to retire and downsize by selling each facility individually or as a portfolio. Operating consistently since 1993, the facility maintains high occupancy with dedicated staff and management, including a nurse on staff seven days a week and a house manager. Located in a peaceful residential community near a town center, the facility provides a cozy, home-like environment in a rural suburban setting. The facility stands out as the only small-scale assisted living option in its market, competing with a single larger, more institutional facility. Its intimate setting, with a low resident-to-staff ratio across its 8 units, allows residents to age in place while receiving personalized care for memory loss disorders, such as Alzheimer’s. The warm interior, featuring soft colors, fireplaces, and sunrooms, fosters a sense of family and comfort. The specialized memory care unit provides a secure, holistic care approach, enhancing residents’ dignity and independence through tailored activities and 24-hour support, making it a preferred choice for seniors seeking a non-corporate atmosphere. Financially, the facility offers a strong investment opportunity in the essential senior care industry. In 2024, it generated a Net Seller’s Discretionary Income of $110,974.65, yielding a capitalization rate of 13.81%. Buyers with healthcare experience may qualify for a Small Business Administration loan, requiring as little as 10% down payment, or approximately $80,000, to acquire both the real estate and a thriving business. This sale presents a unique opportunity to invest in a well-run facility with a proven track record in a growing market. Building SF: 2992 | Listing Type: FOR SALE

Market Context

This multifamily in Princeton, IL is listed for sale at $800,000 across 2,992 SF. It has been on the market for 38 days. Compare it against other multifamily listings for sale in Princeton, IL — <a href="/search/sale/multifamily/illinois/princeton">view the full market</a>.

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