5426 18th St W - Assisted Livings FOR SALE


Bradenton, FL 34207
$1,395,000 USD
941-961-8199
5426 18th St W, Bradenton, FL for Sale
$1,395,000 USD
Assisted Livings - FOR SALE
1/30
null | 7.89% Cap Rate

5426 18th St W
Bradenton, FL 34207


HIGHLIGHTS

  • Assisted Living Tenant in place for 3 years but you control the future after that. Value Add through additional rental unit and land to develop
  • The ownership put in a brand new 22KW Generator with 200 AMPs in 2019. This $40k+ improvement comes with a 5 year warranty.
  • The main building is sprinklered w/ an FACP fire monitor system, as well as a security system & Mag-Lock operation doors on all main entries & exits
  • .44 Acres with a shaded backyard garden area w/ Majestic Oaks providing the Canopy, & Storage Sheds, as well as additional land & a 2nd house
  • Motivated Seller-Perfect for 1031-Negotiable-Open to Offers

OVERVIEW

Seller Financing Seriously Considered - Open to Offers Investment Highlights • Motivated Seller--Open to Offers • With a 3 Year Lease term (term has expired and tenant is in place on a month to month basis) in place for the main building and an active Assisted/Independent Living Facility as the tenant, the ability to lease the remodeled (new roof & interior) existing cottage (approx 1,100 SF) and create an additional flow of rental income (approx market rent of $1,500/mo. There is also a vacant lot at the Northern front end of the property and future expansion or new construction are possibilities with county approval. Tenant is responsible for all Utilities, Real Estate Taxes, Landscaping, Interior Improvements and Repairs and Insurance. Ownership/Landlord is responsible for roofing, structural, etc. In essence a Net Lease This is a fantastic and rare opportunity to acquire a multi-faceted investment including an Assisted Living Facility on a 3 year lease. The ownership put in a brand new 22KW Generator with 200 AMPs in 2019. This $40k+ improvement comes with a 5 year warranty. Plenty of area for serene outdoor settings are on this .44 acre site as well. Featuring a large, shaded backyard garden area with majestic Oaks providing the canopy, and storage sheds, as well as additional land and a 2nd building on the south side of the property. Providing plenty of room for future expansion. And easy conversion to additional rooms or staff housing. Ownership has recently split the single parcel into two parcels with the lot and cottage being on one parcel and the main building with the Living Facility tenant on its own parcel as well. Call Dreznin Pappas Commercial Real Estate @ 941-961-8199 today to schedule a tour of this amazing property and see how your vision of future success looks!

FOR SALE DETAILS

PRICE

$1,395,000 USD

PRICE/SF

$213 USD /SF

CAP RATE

7.89%

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Price Reduced-Motivated Seller-Negotiable

PROPERTY TYPE

Health Care

PROPERTY SUBTYPE

Assisted Livings

ADD'L SUBTYPES

Congregate Senior Housing, Continuing Care Retirement Com

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1980

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.44 AC

LAND SF

19,166 SF

ZONING

RDD-6

APN/PARCEL ID

60397-0015-9

ASK ABOUT THIS PROPERTY

Sean DrezninDreznin Pappas Commercial Real Estate LLCMore Info
941-961-8199

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Sean DrezninDreznin Pappas Commercial Real Estate LLCMore Info
941-961-8199

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