Remarks

Lakeside Manor is a 32 Bed, free standing Residential Health Care Facility licensed by the State
of New Jersey Department of Community Affairs to provide personal care to up to 32 residents.
Fully staffed, it allows residents to enjoy their short or long term occupancy. The facility has just
received its 2025 DCA State License in March, this being the 10th year of ownership and
approved licensing. Located in Elmer, Salem County, Lakeside Manor sits across from Elmer
Lake providing a tranquil, peaceful setting. As currently structured, Lakeside Manor produces a
Cap Rate of over 12% with a possibility of increasing the profitability, including but not limited
to an additional revenue opportunity for mental health professionals [with assigned NPI
number] to bill Medicare/Medicaid under Fee for Services. Well established and stable facility that has been well kept for a decade of current ownership.

Details

MLS#: NJSA2014694
Price: $969,156

Year Built: 1890

County: SALEM
Tax Fee: 17112

School District: ELMER BORO