2850 Counts Lane

TITUSVILLE, FL 32796

About this property

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.

Date Added
October 8, 2019
Listing Status
Active
Days On Site
380
MLS#
O5817551

Features and Additional Information

Lot Size
0 SqFt
Acreage
0.00
Property Type
Commercial
Style
IQWeb_
Sub-Type
Resale
Year
1968
Garage
0
Pool
No
Story(s)
0
Property View
No
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$700,000 Active
0 Beds
0
Baths
33,804 SQFT

Presented By Coldwell Banker Tony Hubbard Realty

Clermont

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Get in touch today! Phone: (352) 394-4031
Brokerage
Clermont
(352) 394-4031
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Area Information

32796 - Titusville | Brevard County |

$ 700,000
This listing is play_arrow 331.4% higher than the average in the area
$ 162,250 in the area
33,804 SqFt
This listing is play_arrow 1900.2% larger than the average in the area
1,690 SqFt in the area
$ 21 $/SqFt
This listing is play_arrow 78.5% less than the average in the area
$ 96 $/SqFt in the area
380 days on site
This listing is play_arrow 735.2% above the average in the area
46 days on site in the area

Schools in the Area

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    Elementary School
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