ID#009202    Approximated Beds/Units: 109   Location:   Ft. Myers

Another firm is pleased to introduce the offering of an Independent Living Facility in Fort Myers, Florida. The building is approximately 58,061± square feet and sits on 4.29± acres of land. Since September 2023, it has operated exclusively as an independent living community. Originally constructed in 2015 and opened for occupancy in 2016, the facility was designed as an Assisted Living and Memory Care community. It comprises 109 units offering a variety of layouts, including studios, deluxe studios, and one-bedroom apartments. Some units accommodate dual occupancy, with an additional resident fee of $1,000 on top of the standard $1,500 Entry Fee, providing an additional revenue stream for investors. The monthly rental rates for the apartments range from $2,095 to $2,595 for independent living, depending on size and features, offering residents flexibility to choose the most suitable option for their needs and budget. This investment presents an opportunity for high yields in a prime retirement state that has experienced significant growth over the past decade. There is also potential for increased rental revenue by transitioning the community back to Assisted Living and Memory Care. Although the transition process may take up to 2 years, it offers substantial upside potential. The property features a square U-shaped layout, with resident rooms lining both sides of double-loaded corridors. Each room includes a bathroom with a sink, toilet, walk-in shower, and closet. Upon entry, residents are greeted by a beautifully decorated common area comprising a welcoming lobby, reception space, theater, activity room, spiritual room, offices, conference room, communal dining area, and fully equipped commercial kitchen. The northwest wing houses laundry and mechanical rooms alongside an additional activity room. The community also offers a full-service beauty salon and barbershop, where a stylist rents space and charges for services. Residents can use amenities such as the computer room, TV room, party space, and garden and patio area. Investment Highlights: This 109-unit independent living community offers studios, deluxe studios, and one-bedroom apartments. The units include a walk-in shower, motion sensor lighting, individual air conditioning units, state-of-the-art fire alarms, and much more, along with free WI-FI, electricity, housekeeping, and laundry services, and transportation for local shopping. There are Independent/Assisted Living/Memory Care Units. The facility provides socialization programs and scheduled transportation services. It is located near the edge of a residential neighborhood.