- Long established, super nice 40-/+ bed upscale Assisted Living Facility on 1.07 acres.
- Located in a very prime and tranquil neighborhood in the South-West region of Florida, aka Paradise Coast.
- Nice landscaped and cared for, the building layout is functional for use as an assisted living/memory care residence.
- There are 28 bedrooms and 26 bathrooms with lots of common areas, nurse’s station, offices, etc.
- The out of state owner keeps the level of occupancy low at around 70%.
- Presently 28 residents with a gross monthly income of $120,000-/+.
- In 2023 the gross income was $1,176,355., and a local operator could increase the occupancy levels to 85%-90%.
- The current rates are $4,500 for semi-private accommodations, and $5,000 to $6,000 for private, single bed accommodations.
- The current owner bought it around 17 years ago.
- Now advanced in age desire to sell, so to fully retire.
- The estimated value found in public records shows that the real estate alone may be worth approximately $4,122,000.
ASKING 3,900,000. SOLD