This property would make a fantastic senior care facility. It was successful as a senior care facility in the past and can be brought back. The Baby Boomers are aging and need care. A senior care facility is a recession resistant business for a smart investor. Hire an administrator and a nurse then a cook and then fill the beds. With 13 bedrooms you could accommodate a lot of seniors and make this a stable and profitable business. Current owner started the project to convert the building into 9 apartments and is at the phase where an architect needs to draw up plans for the conversion. A $150-200k renovation would finish this conversion and give the area some much needed housing. Additionally, the rental income is estimated at over $9,000 monthly. Seller is a real estate licensee.
Call Jeremiah Noll at 570-971-2509 for more information!