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1456 Dixon Rd

2,016 SF Health Care Building Offered at $245,000 in Elgin, SC 29045

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Investment Highlights

In close proximity Sand Hill area

Within minutes of popular restaurants

Executive Summary

Licensed for 5 residents, but with the closets removed up to 12 residents.

Financial Summary (Pro forma - 2024)	Annual	Annual Per SF
Gross Rental Income	$288,000	$142.86
Other Income	-	-
Vacancy Loss	$14,400	$7.14
Effective Gross Income	$273,600	$135.71
Taxes	$4,000	$1.98
Operating Expenses	$96,000	$47.62
Total Expenses	$100,000	$49.60
Net Operating Income	$173,600	$86.11

Financial Summary (Pro forma - 2024)

Gross Rental Income
Annual	$288,000
Annual Per SF	$142.86

Other Income
Annual	-
Annual Per SF	-

Vacancy Loss
Annual	$14,400
Annual Per SF	$7.14

Effective Gross Income
Annual	$273,600
Annual Per SF	$135.71

Taxes
Annual	$4,000
Annual Per SF	$1.98

Operating Expenses
Annual	$96,000
Annual Per SF	$47.62

Total Expenses
Annual	$100,000
Annual Per SF	$49.60

Net Operating Income
Annual	$173,600
Annual Per SF	$86.11

Property Facts

Price	$245,000	Lot Size	1.50 AC
Price Per Bed	$49,000	Building Size	2,016 SF
Sale Type	Investment or Owner User	No. Beds	5
Sale Conditions	Business Value Included	No. Stories	1
Property Type	Health Care	Year Built	1996
Property Subtype	Assisted Living Healthcare Continuing Care Retirement Community	Parking Ratio	3.97/1,000 SF

Price	$245,000
Price Per Bed	$49,000
Sale Type	Investment or Owner User
Sale Conditions	Business Value Included
Property Type	Health Care
Property Subtype	Assisted Living Healthcare Continuing Care Retirement Community
Lot Size	1.50 AC
Building Size	2,016 SF
No. Beds	5
No. Stories	1
Year Built	1996
Parking Ratio	3.97/1,000 SF

Amenities

Wheelchair Accessible

Smoke Detector

About 1456 Dixon Rd , Elgin, SC 29045

This property is Adult Care facility that has 5 residents in it already. There are 4 rooms and 1 room is the office, 3 rooms are for residents, and 1 room is for a sleep staff. The 3 rooms have 2 beds a piece in each room totaling 6 beds total. With modifications like removing closets out of the rooms you can accommodate up to 12 residents. This facility is zoned for commercial and can be used for various businesses. It is located in Elgin, SC in a quiet cul-de-sac 15 minutes from Sandhills where you can shop for all your business needs. When purchased and you want to change into a different business tenants will need 30 days to vacate.