$700,000

2850 Counts Lane

TITUSVILLE FL, 32796

Description

INVESTMENT SUMMARYPotential Income Post Rehab and Massive Value Add once you renovate - Using the resident income and Medicaid reimbursement, the overall payment to the facility that accepts ALE waiver recipient is $1,570.00 per month. For private patients the average rate in the Titusville area is $3,000-$3,500.00 per monthFor private patients - 3000$/room/month with a vacancy factor of 10% - is over $2.85M in gross revenue per yearBuilding is owned by physicians with no debt who had plans of running the facility. As they no longer plan to relocate to manage and run the facility, they've chosen to deeply discount the price and offload this amazing investment opportunity so that an investor with the appropriate resources can take on the project of rehabilitating this assisted living facility. There may be an opportunity to pursue additional types of care if approved by municipality resulting in a greater ROI. Once revamped and running, a functional ALF can sell easily at a 5 cap.

Details

MLS#O5817551
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1968
Days On Site415

Features

SQ Feet33,804
ZoningIN(L)
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Area Information
StateFL
CountyBrevard
CityTITUSVILLE
Zip Code32796
Area32796 - Titusville
Listing VS Median (in 32796)
Price:
$700,000
low | high
Med:
$169,700
100% of Average
SqFt:
33,804
low | high
Med:
1,564
100% of Average
$ / SqFt:
$21
low | high
Med:
$111
100% of Average
On Site:
415
low | high
Med:
74.500000
100% of Average
Listing Updated: November 25, 2020 9:10:16 PM PST
Mac Jaffer LogoMLS Number: O5817551
Listing Provided By:
Mac Jaffer  of  EXP REALTY LLC

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