New Construction 31-48 Bed Assisted Living Duval County
Asking Price: | $4,500,000 |
Gross Revenue: | $715,974 |
Real Estate: | $4,300,000 |
Cash Flow: | $193,235 |
FF&E: | $150,000 |
Established Year: | 2021 |
My ALF Consultant proudly presents this brand-new, purpose-built assisted living facility, designed with the Residential Assisted Living model in mind to provide exceptional care in a warm, home-like environment.
Located in the heart of Jacksonville, FL, this property consists of two state-of-the-art buildings, offering approximately 11,000 square feet per gross building area, for a total of over 22,000 square feet.
The facility recently secured a zoning approval letter, allowing for an expanded capacity of up to 48 beds. Many rooms are generously sized to accommodate double occupancy, enabling the increase in capacity without the need for additional capital expenditures by adjusting the unit mix.
This is a rare opportunity to own a thoughtfully designed, turnkey facility that residents and their families will cherish. With its inviting atmosphere and strong community appeal, this property is sure to be a source of pride for its future owner.
Investment Highlights:
- 28 Bedrooms and 32 Bathrooms
- Zoning Approval for 48 Beds
- Automatic Generator with Underground Propane Tanks
- Spacious Rooms/Suites with private bathrooms
- Upside Opportunity and Pride of Ownership
- Built-in 2017 and 2022 for modern appeal
Prior to closing, the buyer is to verify all permits, approvals, regulations, allowed use, parking, financials, market rental rates, expenses, zoning, licenses, building square footage, expansion possibilities, capacity increase, number of licensed beds, proformas, FF&E valuation, and all other factors pertaining to using these parcel(s) and building(s) for the buyer's intended use. Provided in this ad is a proforma based on the 2023 P&L with add-backs plus additional projected income due to a possible increase of license beds. Buyer(s) to independently verify all financials, pro-forma figures, and add-back validity with their financials advisor/CPA.