1200 Surf Rd
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1200 Surf Rd
5,931 SF Health Care Building Offered at $2,800,000 at a 5.50% Cap Rate in Riviera Beach, FL 33404
Investment Highlights
- Development opportunities due to special Hotel/Multifamily zoning
- Long-term tenant, collect rent while working on your new project
- Highly sought-after location due to its closeness to the beach and strong rental demand
Executive Summary
Large complex investment opportunity with a tenant in place. The facility is currently rented and operated as a sober home. Located in a picturesque setting within walking distance to the beaches on Singer Island, this unique private compound offers 12 bedrooms, 6 bathrooms, offices and a commercial kitchen. Development opportunities due to special Hotel/Multifamily Zoning.
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $2,800,000 | Lot Size | 0.29 AC |
| Price Per Bed | $116,667 | Building Size | 5,931 SF |
| Sale Type | Investment | No. Beds | 24 |
| Cap Rate | 5.50% | No. Stories | 2 |
| Property Type | Health Care | Year Built | 1953 |
| Property Subtype | Rehabilitation Center | Parking Ratio | 0.84/1,000 SF |
| Building Class | C |
| Price | $2,800,000 |
| Price Per Bed | $116,667 |
| Sale Type | Investment |
| Cap Rate | 5.50% |
| Property Type | Health Care |
| Property Subtype | Rehabilitation Center |
| Building Class | C |
| Lot Size | 0.29 AC |
| Building Size | 5,931 SF |
| No. Beds | 24 |
| No. Stories | 2 |
| Year Built | 1953 |
| Parking Ratio | 0.84/1,000 SF |
1 of 1
zoning
| Zoning Code | RMH1, County (RMH15 MULTI-FAMILY/HOTEL) |
| RMH1, County (RMH15 MULTI-FAMILY/HOTEL) |
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1200 Surf Rd
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