ID#009369    Approximate Beds/Units:  35/16    Location:  Fort Lauderdale

Another firm is pleased to introduce a 35-Bed Assisted Living Facility at an 8.76% Cap Rate. The physical property consists of two buildings with a total of 5,507 SF, well situated on a large 15,565 SF lot. The property has 16 rooms with a total of
35 beds. The facility is fully licensed and operating and is currently 100% occupied with 35 residents with a waiting list. Experienced staff will remain after closing. The facility generated $781,630 in gross revenue and net $350,641 in 2022. Projected gross revenue for 2023 is expected to go up to $940,830 with net income raising to $513,505. This income provides a strong 12.8% capitalization rate at full asking price. This is an excellent investment opportunity in a market with very limited inventory. The property is 100% Occupied with a waitlist.