Baldwin House | 30-Unit Independent Living 10171 Papa George St Immeuble | 2 148 m² | Soins de santé | À vendre 4 554 900 € | Taux de capitalisation 10,17 % | Daphne, AL 36526

The Niel Group is pleased to exclusively present Baldwin House (https://baldwinhouseresidences.com/), a thirty-unit independent living facility located in Daphne, AL (Baldwin County). Baldwin House is ideally located just south of Interstate 10 off of the Spanish Fort/Hwy 181 exit in the prestigious Historic Malbis community. Situated on a 1.5-acre corner site, Baldwin House was built in 2000, has 23,124 SF under roof, and offers its residents a unique and enjoyable independent living experience. Equipped with garden studio and garden suite units, a commercial kitchen, dining hall, wellness and activities program, and staff to handle all of residents’ needs, Baldwin House is a full-service facility that allows its residents to live their desired lives. Management converted operations from a 44-bed assisted living facility to an independent living facility on May 1, 2025 to better align with market demand dynamics and increase profitability. Having achieved more than 43% occupancy as of 6/1/25, Baldwin House is well positioned to reach stabilization by the end of 2025. Operating revenue for 2025 is projected to be $920,000 with a NOI of $283,000. Upon stabilization, revenue is projected to be $1,100,000 with a NOI of $534,000. Home to the Eastern Shore of Mobile Bay and 32 miles of beaches that line the Gulf of America, Baldwin County is the second fastest growing county in Alabama and the seventh fastest growing metro area in the US. Daphne-Fairhope-Foley, AL is the 6th fastest growing MSA in the US based on 2023-2024 population growth of 3% and is the 7th fastest growing MSA in the US based on 2010-2020 population growth of 27.2%.