OUR NORTH FLORIDA

FACILITY SHOWCASE

39 BEDS ALF ON 5 ACRES, WITH POSSIBLE EXPANSION TO 80 BEDS

 

SOLD

Licensed for 39 Beds on 5 +/- Acres
Gross Revenue: $ 814,114. /YEAR
Profitable NOI: $302,037./YEAR
High Occupancy
Good Cash Flow

REAL ESTATE IS INCLUDED IN THE SALE


Super nice 39 bed ALF on 4.73 +/- acres. The rear building was built in 2002, and the U-shaped front building was built in 1986. Commercial kitchen, office, common areas and great resident' s rooms. Fire sprinklers throughout the back building, but the front building has fire sprinklers in the common areas only. The ALF is located in the medical district of a historic St. Johns River city. The facility offers a higher level of care due to specialty license and offers adult day care and respite care. Nice Florida style porches and green lawns surround the facility. The owner is an absentee owner, but keeps track of the overall operation. There are 2 administrators, and a new owner may take those positions.

According to preliminary discussions with local authorities, and with proper due process, the number of beds could be increased to 80 +/-.



Asking:  $2,800,000.00