Fantastic opportunity to own a 71 bed ALF in Central South Florida
| Asking Price: | $2,650,000 |
| Real Estate: | $2,600,000 |
| Inventory: | $50,000 |
| Established Year: | 1999 |
Middle Florida, 71 beds. Licensed by the State. Ask $2,650,000.
Please Principals Only!
For Sale! Fantastic opportunity to own a licensed 71-bed ALF in Central South Florida.
1.1-/+ acre parcel. 47,916-/+ SF.
"CURRENTLY VACANT BUT THE STATE LICENSE WAS ISSUED ON 7-26-2024. AND READY TO ADMIT RESIDENTS". Updated and approved by the governing authorities.
Three buildings are licensed for 71 beds. (37-38 bedrooms)
Plus, one two-story building with an apartment on the 2nd floor is rented at $1,100/mo., and a second apartment on the 1st floor is rented at $1,400/mo.
Room to expand the existing structures, subject to local authorities' approval.
The property has been completely renovated in and out. Must see.
For over 20 years it was licensed with Standard & LMH licenses and serviced the private payees, the LMH (Limited Mental Health) and subsidized residents. There is a big demand for LMH indigent young over 18 yo, and senior residents who receive social security disability income due to a mental disorder and/or require assistance with ADLs (activities of daily living). If the residents qualify for state subsidies, their income will continue steadily while the residents stay at the ALF, most of the time for years & decades.
Plenty of common areas, bedrooms, bathrooms, offices; large laundry room, nurses’ station, dining room, commercial kitchen, etc.
Asking price $2,650,000. Cannot beat this low price of $37,323. per bed.
Just a stroll away from the "Quaint & Charming Downtown Historic District" with stores & shops amid lined trees and conveniently placed benches.
The current owner has fully updated and renovated the property in and out. The owner initiated the marketing to admit residents. The project can be used for other types of healthcare & congregate projects, group homes, etc. (subject to local authorities approval). Take advantage now and buy it for the lowest price! The price will increase once there are residents in place. The owner is moving out of the country. We have SBA lenders that like this project and may lend to a qualified buyer.
Contact Omni Real Estate via email for the confidentiality agreement. Emails receive a quicker response.
