123 Assisted Living Ave - Assisted Livings FOR SALE


Hollywood, FL 33020
$2,995,000 USD
954-453-1000
123 Assisted Living Ave, Hollywood, FL for Sale
$2,995,000 USD
Assisted Livings - FOR SALE
1/8
null | 9.36% Cap Rate

123 Assisted Living Ave
Hollywood, FL 33020


HIGHLIGHTS

  • 20+ Bed Assisted Living Facility
  • 9.4% Actual Cap Rate and 12% Projected Cap Rate
  • Excellent Investment Opportunity!

OVERVIEW

The facility is fully licensed and operational, with a historic occupancy of 90%. Experienced staff will remain after closing. The facility is currently generating $755,184 in gross revenue and netting $280,315. Once fully occupied, gross revenue is expected to rise to $834,677, with net income increasing to $359,808. The projected income will provide the investor with a strong 12% capitalization rate at full asking price, making this an excellent investment opportunity in a market with very limited inventory. The seller also has plans to expand the facility to 40 beds, offering a value-add opportunity. This listing is a confidential sale, please contact the listing office for more information!

FOR SALE DETAILS

PRICE

$2,995,000 USD

PRICE/SF

$721 USD /SF

CAP RATE

9.36%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Health Care

PROPERTY SUBTYPE

Assisted Livings

ADD'L SUBTYPES

Congregate Senior Housing, Skilled Nursing Facility

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1955

SPRINKLERS

-

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.25 AC

LAND SF

10,880 SF

ZONING

RMCRA-18, Hollywood

APN/PARCEL ID

51-42-15-01-3070

ASK ABOUT THIS PROPERTY

John DeMarcoRE/MAX 5 Star RealtyMore Info
954-453-1000

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John DeMarcoRE/MAX 5 Star RealtyMore Info
954-453-1000

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.