101 kelly's court, Forest City, IA 50436

  • Active

 $599,000

  • 15 BedroomBedrooms
  • 12 BathroomBathrooms
  • 4,284 Sq.Ft.
  • Single Family
  • Active
  • MLS# 6332628
  • Sold On
  • Rental
0 More Schedule
Source MLS Verified

PROPERTY DESCRIPTION

INVESTOR ALERT! What an opportunity!! This listing includes 3 separate 5 Bedroom 4 Bath homes (101,102 & 105 Kelly's Ct.) all former assisted living facilities ready to be transformed into your dream investment. All 3 buildings are the same layout and very similar inside. Unique Investment Opportunity 3-Building Former Assisted Living Facility next to the Waldorf University campus Dont miss this rare opportunity to own a multi-building property with endless potential! Formerly operated as an assisted living facility, this property features three separate buildings situated on a spacious cul-de-sac, providing privacy and convenience. With a large paved parking lot and room for expansion or redevelopment, the layout is ideal for a variety of usessenior housing, multifamily conversion, group living, rehabilitation center, office complex, or other institutional or residential purposes (subject to zoning). The property covers the entire cul-de-sac, offering maximum accessibility and presence. Each building includes multiple rooms, common areas, restrooms, and kitchen facilities designed for residential care, with infrastructure already in place to support similar operations. Bring your vision and transform this one-of-a-kind property into your next successful venture!

Property Details

General

  • County: Winnebago
  • Style: See Remarks
  • Acreage: 3.58
  • Beds: 15
  • Year Built: 1985
  • Sq. Ft.: 4,284
  • Lot Size: 3.5800
  • Garage/Parking Spaces: 0.00
  • Lot Dimensions: per abstract

Financial Considerations

  • Tax Amount: $0
  • Tax Year: 2025

Activity

  • Days On Market: 384
  • List Date: 10/08/2025
 

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