• 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 covers 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 are looking forward to retiring.
    • A new owner could increase the census and revenues to 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, generating 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 achieved
    • by a knowledgeable and seasoned ALF operator.

ASKING $3,100,000.                                                SOLD