Long Established super nice 40-/+ bed upscale ALF on 1.07 acres.
| Asking Price: | $4,500,000 |
| FF&E: | $70,000 |
| Established Year: | 1992 |
| Gross Revenue: | $1,176,355 |
| Real Estate: | $4,330,000 |
PRINCIPALS ONLY, PLEASE.
These gorgeous 40-/+ beds ALF on 1.07 acre is located in a very prime & quiet residential neighborhood, only a few miles from the Gulf and surrounded by stores, amenities, and much more. The facility was built, by the prior owner, in 1991-1992 and shows extremely well, super-clean, and it was designed with a layout that is not “institutional”, but rather a “cozy home” to the residents. The facility has 2 State Licenses: a Standard & a Specialty license. The facility is completely equipped with the state requirements: such as an automatic fire sprinkler system, fire detection system, grab bars, etc. Bathroom and kitchen cabinets are Kraft-Maid with solid oak or cherry fronts. Currently, there are 28 residents with a monthly revenue of $119,400. Most of the value is in the real estate asset. The absentee owner is not too proactive as he is satisfied with the current cash flow generated from the current residents. The facility is operational and currently, the level of occupancy is at 74% with 28 residents. A new owner could easily increase the occupancy and make this business a very profitable one. The current owner bought the ALF in 2008.
For more information or to receive a confidentiality agreement please email the broker.
