38 Girard Avenue

Description

Welcome to #38 Girard Avenue aka ''Westway Manor'' a well established state licensed ''Residential Care Home Facility'' located in the historic west end of the city. Originally built in (1939) and since having been refurbished/remodeled including the mechanicals and standby generator. This licensed (RHC) offers space for (15) residents in a (GLA) footprint of (3,549) sq./ft comprised of (8) total bedrooms, single and double occupancy with (4) full-baths. Family owned and operated for nearly (4) decades with a pride of ownership evident throughout the property, grounds and business operations. The delightful owners wish to finally retire and hand over ''Westway Manor'' this wonderful business and gorgeous property to new ownership who will carry on the tradition of serving the ever increasing senior population for which these essential services, location and property are in such high demand. Please note this business and property has (2) additional operations of the same residential care home (RCH) business model and they are also both available today. Those properties are as follows: #27-29 Girard Ave (MLS#170488575) and #521 Prospect Avenue in West Hartford. (MLS#170488571). PLEASE CLICK ARROW BELOW FOR FINANCIAL DETAILS AND INCOME DATA. RESIDENTIAL CARE HOME DBA ''WESTWOOD MANOR'' CURRENT GUARANTEED INCOME PAID BY STATE OF CT DEPT OF ''DSS'' AT ($2,739) PER MONTH / PER RESIDENT WITH A FULL OCCUPANCY OF (15) RESIDENTS THIS PROPERTY WILL PRODUCE TOTAL GROSS INCOME OF ($514,642) YEARLY. CURRENT RENTAL RATE OF ($90.05) DAILY PER RESIDENT IS ADJUSTED YEARLY EVERY JULY 1ST, TO ACCOUNT FOR COST OF LIVING INCREASES AND OPERATING EXPENSES. PRICING IS INCLUSIVE OF LONG TERM RESIDENTIAL CARE HOME ''RCH'' AS LICENSED BY STATE OF CT DEPT OF HEALTH. PLEASE SEE ATTACHMENTS TAB FOR ADDITIONAL FINANCIAL INFORMATION.