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4965 Brunswick Rd - Assisted Living Home for the Aged in TN

6,331 SF Specialty Building Offered at $799,000 at a 17% Cap Rate in Arlington, TN 38002

Investment Highlights

  • Potential $1,080,000 Annual Income with 18 Residents
  • Move in Ready - Contents with full price offer - Price Flexible! Motivated!
  • 10 Bedroom, 11 Baths, Office, Laundry, Cameras, Security Camera +
  • Approved 8-Bed "Home for the Aged" "Assisted Living Center" 18 Bed Expandable with Sprinkler Installed
  • -2nd wing added as recently as 2009, with all new construction adding 3,300 sq.ft. to the original home.
  • Video Walkthrough https://www.youtube.com/watch?v=wo7eX6UTJUk&t=1s

Executive Summary

Sellers decided to reopen since covid. Approved for an Assisted living home for the aged. Zoning will converted to commercial when new business license is approved. Only selling the building, the business has not been in operation since Covid impact. Currently With potential ADDED VALUE to expand to 18 beds with the installation of a sprinkler system. Rate% of rent & inflation, projected monthly revenue for 8 beds = $40K, while expanding to 18 beds could yield a potential revenue of $90k Monthly. Over $1 Million Annually.
-The main home has an additional 2nd wing added as recently as 2009, with all new construction adding 3,300 sqft to the original home. Also, the detached garage can be expanded to 7 rooms with a full bathroom. Bids for the sprinkler is $35,000.
Current projected monthly revenue: $40K for 8 beds; $90K for 18 beds with rent & inflation increase at unprecedented amounts.
Expenses total average $-8k month (-$9k annual)
Expense Breakdown: Includes utilities -$500 per month and licensing annually $3k including fire, backup lights, etc.
Additional income: Senior Daycare & Respite Care ($200 day/Average $2k monthly each), Non Refundable Deposit.
Get Qualified-Ready! Let’s Make a Deal.
With special use zoning in place, you have the flexibility to bring your vision to life. The State of Tennessee Board for Licensing Health Care Facilities will determine the licensing expansion requirements and capacity for the facility, ensuring compliance with state standards. Updating the Use & Occupancy permit is a straightforward process involving inspections, making it easier for you to get started on your business venture.
For additional zoning and use questions contact:
Sam Harris | Senior Planner @ City of Bartlett | Planning & Economic Development
City Hall Annex • 6382 Stage Road • Bartlett, TN 38134 Office (901) 385-6417
https://www.cityofbartlett.org
https://www.facebook.com/bartletttennessee
AND
For questions about Licensure and Regulations, contact 615-741-7221
https://www.tn.gov/hfc/division-of-licensure-and-regulation.html
https://www.realtor.com/realestateandhomes-detail/588-Martin-Luther-King-Jr-Dr_Holly-Springs_MS_38635_M89354-52095
https://www.zillow.com/homedetails/4965-Brunswick-Rd-Arlington-TN-38002/305418779_zpid/

Data Room Click Here to Access

Financial Summary (Pro forma - 2025)

Annual Annual Per SF
Gross Rental Income $1,080,000 $179.28
Other Income $15,000 $2.49
Vacancy Loss - -
Effective Gross Income $1,095,000 $181.77
Taxes $18,500 $3.07
Operating Expenses $43,500 $7.22
Total Expenses $62,000 $10.29
Net Operating Income $1,033,000 $171.48

Financial Summary (Pro forma - 2025)

Gross Rental Income
Annual $1,080,000
Annual Per SF $179.28
Other Income
Annual $15,000
Annual Per SF $2.49
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $1,095,000
Annual Per SF $181.77
Taxes
Annual $18,500
Annual Per SF $3.07
Operating Expenses
Annual $43,500
Annual Per SF $7.22
Total Expenses
Annual $62,000
Annual Per SF $10.29
Net Operating Income
Annual $1,033,000
Annual Per SF $171.48

Property Facts

Price $799,000
Price Per SF $126
Sale Type Investment or Owner User
Cap Rate 17%
Sale Conditions
Build to Suit
  • Redevelopment Project
Property Type Specialty
Property Subtype
Residential Income
  • Multifamily Manufactured Housing Mobile Home Park
  • Office Office Residential
  • Multifamily Dormitory
Lot Size 4.61 AC
Building Size 6,331 SF
No. Stories 2
Year Built/Renovated 1989/2022
Parking Ratio 1.9/1,000 SF

Amenities

  • Energy Performance Rating - A

zoning

Zoning Code R12 (Previous CMU-1, Current R-10, Will revert back to Commercial once the business license is active. SamHarris@Cityofbartlett.org www.CityofBartlett.org)
R12 (Previous CMU-1, Current R-10, Will revert back to Commercial once the business license is active. SamHarris@Cityofbartlett.org www.CityofBartlett.org)
  • Listing ID: 30910393

  • Date on Market: 2/8/2024

  • Last Updated:

  • Address: 4965 Brunswick Rd, Arlington, TN 38002

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