1003 Westlake Drive, Desoto, Texas 75115

$725,000
List Price
$725,000
Price Change
▼ $239,000 1569222964
MLS#
14108541
Status
ACTIVE
Type
Commercial
Year Built
1977
Construction Status
Preowned
Acres
0.28
County
Dallas
Area
DESOTO AREA (2)
City
Desoto
Subdivision
Pleasant Lakes Estates

Property Description

Great Investment Opportunity! This is a Licensed, Turn-Key, Residential Assisted Living. Licensed Type-B for 8 Residents. Real Property and Business combined total $964,000. Property valued at $230K which includes Fire Sprinkler System. Business Valuation $734K which includes all FF&E and Staff. Nets over 40% Profit Margin. Been operating for over 12 years and Seller ready to move on to other ventures. Signed Non-Disclosure Agreement needed to receive financials. Must contact agent for showings. Federal HIPAA guidelines strictly enforced and legal action will be taken for unscheduled and unapproved visits.

Additional Information

Unexempt Taxes
$4,759
Features
Fire Alarm, Fire Sprinklers, Security System
Gross Annual Expenses
98967
Gross Annual Income
319900
Tenant Pays
Other
Lot Size
12,022
Acres
0.28
Subdivided
Subdivided
Flooring
Carpet, Ceramic Tile
Foundation
Slab
Roof
Composition
Stories
1
Walls
Brick
Ceiling Height Type
8 to10 Feet
Street Utilities
City Sewer, City Water
Heating Cooling
Central Air-Elec, Central Heat-Gas
Construction Material
Brick
Parking Garage
On Street, Side
Proposed Financing
Cash, Conventional, Other, Owner Carry First
Building Sq. Ft.
2570
Number of units
1
Leasable Sq Ft
2570
Building Use
Medical
Inclusions
Business, Furniture, Inventory, Other
Possession
Closing/Funding

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Texas Urban Living Realty.