Need Help With A Group Home Deal AZ

[Brian Kimminau]

Group home in Benson, AZ. Only one in the area 30+ mins. 

Consists of 12 acres, two homes 5 bed each built in 08 and 09. Also, a newer manufactured home. 

Going into foreclosure in August. Need 80k to stop foreclosure 100k seller will be very flexible. $3800 a month mortgage payments total. Owe 430k total. Possibility to split property up. 

HABU: fill with residents and have caretaker/nurse live in the manufactured home. 

Tucson, Phoenix, Sierra Vista, Arizona, assisted living

[Andrew Linderer]

Being the only one in the area could be really good but it could also mean there’s not much demand. I’d look at the partner organizations and ask them about need? Your partner organizations will depend on the type of group home you want. Are you wanting students that are aging out of foster care or people with mental health issues or seniors or... there are lots of options but I’d be nervous about why it’s vacant and being foreclosed. If it was a group home and it was just poorly managed okay, you can fix that. But if it didn’t have the services and infrastructure surrounding it that could feed it with tenants and that’s why the previous owner failed, that’s harder to overcome.