512 Main StMemphis, TX 79245

This exceptional 20+ bed assisted and independent living facility in Memphis, Texas, presents a compelling investment opportunity. Located at 512 W Main St, 79245, this established property boasts a substantial 12,000-13,000 square foot building on a 2-acre lot, constructed in 1997. Currently operating at a 92% occupancy rate, the property generates a strong NOI of $204,597, translating to a compelling 13.64% cap rate. Pro forma projections indicate even greater potential, with a projected NOI of $222,541 and a 14.84% cap rate, showcasing significant value-add opportunities. The current owner manages the facility remotely, offering a unique opportunity for hands-off ownership or active management with potential for expansion. The property is offered fee simple, and further information is available upon execution of a non-disclosure agreement. This stabilized investment, categorized as both value-add and owner/user, presents a rare chance to acquire a high-performing senior living asset in a growing Texas market. The property's strong cash flow, high occupancy, and significant upside potential make it an ideal acquisition for seasoned investors seeking a stable and profitable investment in the senior care sector. The existing infrastructure provides a solid foundation for future expansion, potentially including additional independent living, assisted living, or memory care units.