MEDICAID APPROVED ASSISTED LIVING WITH GREAT INCOME POTENTIAL* LICENSED FOR 8 RESIDENTS AT THIS TIME AND PAPERWORK HAS BEEN SUBMITTED FOR UP TO 12 RESIDENTS WITH THE CITY AND HEALTH DEPATMENT*EASY ACCESS, TURN KEY OPERATION. SOME BEDROOMS MAY BE NON-CONFORMING. PLEASE SEE SUPPLEMENTALS FOR FLOOR PLAN, INCOME POTENTIAL AND FINANCIALS*MEDICAID RATES HAVE JUST BEEN INCREASED BY 25% AND IS TO BE IN EFFECT OCTOBER 1*CURRENT GROSS INCOME WITH 8 IS 220,600 WITH A NET INCOME OF $76,000*POTENTIAL GROSS INCOME COULD GO TO $381,000 WITH $225,800 NET INCOME WITH ADDITIONAL RESIDENTS (CURRENTLY IN REVIEW FOR APPROVAL) AND FACTORING IN THE 25% INCREASE FROM MEDICAID FINANCIALS DO NOT INCLUDE TAXES*BUYER TO VERIFY TAXES, FINANCIALS, AND OCCUPANCY CAPACITY.
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