- Assisted Living Facility licensed for 58 beds by the State of Florida.
- Four buildings on 1.8-/+ acres.
- Established 20+ years ago.
- Current owners since 2011.
- Has Standard and Limited Mental Health Licenses.
- The value applied cover mostly the Real Estate portion of the going concern.
- The census is currently low at 57%, as the owners are no longer interested in an intense management and looking forward to retire.
- A new owner could increase the census and revenues to a substantial profitability.
- Although the property underwent $300,000+ upgrade work in 2012, the place may need some TLC in and out.
- Currently there are 33 residents with a monthly revenue of $88,400.
- With projections of $2,600 per month, and an occupancy of 85%, a cap rate of 20+ and a cash on cash of better than 50% can be achieve
- by a knowledgeable and seasoned ALF operator.
ASKING $3,100,000. NEW LISTING