ID#009326ย  ย  Approximate Beds/Units:ย  58ย  ย  Location:ย  Central-East Florida

Another firm is pleased to introduce an ALFย  licensed for 58 beds on 1.8-/+ acres in Central-East Florida and part of the Tampa-St. Petersburg-Clearwater Metropolitan Statistical Area. It has Standard and Specialty licenses issued by the State of Florida (AHCA). It is centrally located near large commercial centers easily accessible via interstates. The buildings are all equipped and licensed as per local & state regulations. The ALF project has been around for a couple of decades. The current owner bought it in 2011. Currently, the subject ALF is only at 57% occupancy, as the owners decided to slow down and concentrate on their private life and health. With savvy, healthy, and energetic ownership, the resident census can be brought up to normal market level, increasing revenues and profits accordingly. The current rent for the month is around $88,400 for 33 residents. Some upgrades are needed to improve the curb appeal and boost some areas inside the buildings. (Home Based). This ALF/Community should thrive better under a fresh and more energetic owner. Admitting LMH residents under the LTC will increase the census and the occupancy level, increasing revenues. With the extra land perhaps it is possible to physically expand the buildings and increase the number of beds (subject to local authorities’ approval). Also simply increasing the current occupancy will create better revenue. The owner may remain for 30 days after the closing to provide support. The owners are seeking retirement and are experiencing some health issues. This business is Home-Based.

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Central-East Florida $3.1M ID#009326

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