ID#009311   Approximate Beds/Units:   67    Location:  Crystal River

Another firm is pleased to introduce a 21,575 SF Health Care Building with 67 beds in Crystal River, FL. The offering included business operations, real estate; and a new buyer to obtain a new ACHA license ). The facility is profitable & operating. There is an upside in cash flow by increasing occupancy and rents. Second ALF is also available. Existing cash flow to support an approximate $1.5 mm +/- loan on each property/community. 30-40% vacancy to be filled & rents 30% under market. These could be cash cows once repositioned and with new strong management/operations. Strong market demographics for attracting new residents and achieving the goals. Each property charges itself $10,000/month for which a buyer may support about $1.5 mm + debt service on each. The asking price is $6 mm for the pair ($3 mm each +/-) May negotiate each separately.

Property Facts:

Price:$3,000,000       Lot Size: 2.18 AC

Price Per Bed: $44,776      Building Size: 21,575 SF

Sale Type: Investment       No. Beds: 67

Sale Conditions: High Vacancy      Property No. Stories: 1

Property Type: Health Care        Year Built/Renovated: 1981/2016

Property Subtype: Assisted Living      Tenancy: Single         Building Class: C