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
Pending
Days On Site
466
MLS#
O5817551

Features and Additional Information

Lot Size
0 SqFt
Acreage
0.00
Property Type
Commercial
Style
iqweb_
Sub-Type
Resale
Year
1968
Zoning
IN(L)
Square Feet
33,804
Units
0
Story(s)
0
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$700,000 Pending
33,804 SQFT

Presented By Coldwell Banker Tony Hubbard Realty

Clermont

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Brokerage
Clermont
(352) 394-4031

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