Profitable 6 Bed ALF in Venice For Sale

Undisclosed Address, Florida
Business Opportunity for Sale
Catylist Listing ID: 30672060
Property Subtypes: Health and Medical
Building Size (RSF): 3,440 SF
Sale Price: $613,000
In Opportunity Zone? Yes
Name of Establishment: Confidential
Gross Revenue: $157,200 (Annual)
Cash Flow: $95,274 (Annual)
Living Accomodations: Yes
Sale Terms: Cash to Seller
Last Updated: 4/2/2021

Overview / Comments

2021 Real Estate Appraisal = $375,000. Business NOI +/- $95,275. Huge upside when you fill the 6th bed.

Opportunity Knocks - this ALF is licensed for 6 beds, 5 are filled with very attractive rates. Being on almost 1/2 acre, you may be able to expand.

Excellent Floor Plan includes a sunroom, separate living room, large kitchen, outdoor patio and private quarters for the for the live-in care taker. The patio outside is a delightful spot for sunshine, fresh air and relaxing.

The Seller is very familiar with AHCA requirements and will help make your transition uncomplicated. They are also willing to provide 30 days training.

Answers to Frequently Asked Questions and Floor Plan Available with CA

Call for a Confidentiality Agreement - address in listing is incorrect because of confidentiality.

Additional Details

Industry Segment: Long-Term Care Facilities
Reason for Selling: Retirement
Value of Inventory Included ($): $0
Value of Furniture, Fixtures, and Equipment ($): $0
Value of Real Estate Included ($): $375,000
Mgmt/Training Support Description: Management will train. Time is Negotiable
Growth/Expansion Opportunities: Yes

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 6,688 16,183
Median Age: 51.31 44.56
Households: 2,735 6,282

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