ID#009310   Approximated Beds/Units:   59   Location:  Homosassa

Another firm is pleased to introduce a 17,531 SF Health Care Building with 59 beds in Homosassa, 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 for this facility:

Price: $3,000,000        Lot Size: 1.22 AC

Price Per Bed: $50,847       Building Size: 17,531 SF

Sale Type: Investment        No. Beds: 59

Sale Conditions: High Vacancy       Property No. Stories: 1

Property Type: Health Care       Year Built/Renovated: 1975/2017

Property Subtype: Assisted Living         Tenancy: Single

Building Class: B Parking Ratio: 1.43/1,000 SF