REDUCED
  • MLS® #: O5817551
  • 2850 Counts Ln
  • Titusville, FL 32796
  • $750,000
  • 33804 SqFt, 11.29 Acres
  • Disney: 47.63 miles

INVESTMENT SUMMARY Potential Income Post Rehab and Massive Value Add once you renovate - Using the resident income and Medicaid reimbursement, the overall payment to the facility that accepts ALE waiver recipient is $1,570.00 per month. For private patients the average rate in the Titusville area is $3,000-$3,500.00 per month For private patients - 3000$/room/month with a vacancy factor of 10% - is over $2.85M in gross revenue per year Building is owned by physicians with no debt who had plans of running the facility. As they no longer plan to relocate to manage and run the facility, they've chosen to deeply discount the price and offload this amazing investment opportunity so that an investor with the appropriate resources can take on the project of rehabilitating this assisted living facility. There may be an opportunity to pursue additional types of care if approved by municipality resulting in a greater ROI. Once revamped and running, a functional ALF can sell easily at a 5 cap.

Essential Information

  • MLS® #O5817551
  • Price$750,000
  • Bathrooms0.00
  • Square Footage33,804
  • Acres11.29
  • Year Built1968
  • TypeCommercial
  • Sub-TypeHotel/Motel
  • StatusActive

Community Information

  • Address2850 Counts Ln
  • AreaTitusville
  • CityTitusville
  • CountyBrevard County
  • StateFL
  • Zip Code32796

Amenities

  • Parking19 to 30 Spaces
  • GaragesUnder Building Parking
  • ViewStreet Paved, Other

Interior

  • CoolingOther

Exterior

  • ExteriorConcrete
  • Lot Description10 to less than 20
  • FoundationSlab

Additional Information

  • Taxes$13,993
  • Days on Market179
  • Original Price$850,000
  • Last Price ChangeOctober 31st, 2019
  • ZoningIN(L)

Location

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Listing information courtesy of Exp Realty Llc.