27-29 Girard Avenue

Description

Welcome to #27-29 Girard Ave, aka ''Fernwood Manor'' a well established ("50" Years In Operation.) state licensed ''Residential Care Home Facility'' (RCH) located in the historic west end of the city. Originally built in (1939) and having since been refurbished/remodeled, this property offers (24)/Beds in total, with (17)/Rooms & (10)/Full-Baths within a (GLA) footprint of (7,367) s/f in total. Family owned and operated for nearly (4) decades with a pride of ownership evident throughout the property and business, the delightful owners wish to retire and hand over ''Fernwood Manor'' this wonderful business and gorgeous property to new ownership who will carry on the tradition of serving the ever increasing senior population for which these services, location and property are in such high demand. Please note this business and property has (2) additional operations of the same residential care home business model and they are both also available preferably as a package or individually is also an option. Those properties are as follows: #38 Girard Ave & #521 Prospect Ave; aka MLS# 170488574 and MLS# 170488571. PLEASE CLICK ON ARROW BELOW TO EXPAND ADDITIONAL COMMENTS REGARDING FINANCIAL DATA AND GROSS INCOME. RESIDENTIAL CARE HOME AKA ''RCH'' CURRENT GURANTEED INCOME PAID BY STATE OF CT. DEPT OF ''DSS'' AT ($2,448.85) PER MONTH / PER RESIDENT WITH A FULL OCCUPANCY OF (24) RESIDENTS THIS PROPERTY WILL PRODUCE TOTAL GROSS INCOME OF ($721,153) YEARLY. CURRENT RENTAL RATE OF ($80.51) DAILY PER RESIDENT IS ADJUSTED YEARLY EVERY JULY 1ST BY THE DEPT OF 'DSS'' TO ACCOUNT FOR COST OF LIVING INCREASES AND OPERATING EXPENSES. PRICING IS INCLUSIVE OF LONG TERM RESIDENTIAL CARE HOME "RCH'' AS LICENSED BY STATE OF CT DEPT OF HEALTH. PLEASE SEE ATTACHEMENTS TAB FOR ADDITIONAL FINANCIAL INFORMATION.