2850 Counts Lane

    Titusville, FL 32796
    • $750,000
    • STATUS: Active
    • ON SITE: 65 days
    • MLS #: O5817551
    UPDATED: 33 min ago
    $750,000
    • 0
      BEDS
    • 11.29
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 33,804
      SQFT
    • $22
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1968
    County:
    Area:

    School Ratings & Info

    Description

    INVESTMENT SUMMARYPotential 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-$3,500.00 per monthFor private patients - 3000$/room/month with a vacancy factor of 10% - is over $2.85M in gross revenue per yearBuilding 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.

    Monthly Payment Calculator




    © 2019 My Florida Regional MLS DBA Stellar MLS. All rights reserved. All listings displayed pursuant to IDX. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumers personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Data last updated 2019-12-12T23:39:49.303.
    www.realestatecentralfl.com/homes/99686879

    2850 Counts Lane Titusville, FL 32796

    • Price: $750,000
    • Status: Active
    • Updated: 33 min ago
    • MLS #: O5817551
    0
    Beds
    0
    Baths
    0
    ½ Baths
    11.29
    Acres
    33,804
    SQFT
    $22
    $/SQFT
    1968
    Built
    Neighborhood:
    Titusville
    County:
    Brevard
    Area:
    Titusville
    Property Description
    INVESTMENT SUMMARYPotential 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-$3,500.00 per monthFor private patients - 3000$/room/month with a vacancy factor of 10% - is over $2.85M in gross revenue per yearBuilding 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.
    Exterior Features

    Adjoining Property Residential Construction Materials Concrete Foundation Details Slab Lot Features OtherStreet Paved Other Structures Maintenance Parking Features 19 To 30 Spaces Water Access Yn No Water Extras Yn No Waterfront Feet Total 0 Waterfront Yn No

    Interior Features

    Ceiling Height 23 + Feet Cooling Other

    Property Features

    Additional Parcels Yn No Business Type Assisted LivingHotel/MotelOtherRetail Flood Zone Code X Miscellaneous Other Miscellaneous2 Kitchen Facility New Construction Yn No Property Condition Completed Property Sub Type Hotel/Motel Security Features Security Gate Special Listing Conditions None Tax Annual Amount 13993.00 Tax Year 2018 Total Num Buildings 4 Zoning In(L)


    Listing information © 2019 My Florida Regional MLS DBA Stellar MLS..
    Listing provided courtesy of Exp Realty Llc.



    © 2019 My Florida Regional MLS DBA Stellar MLS. All rights reserved. All listings displayed pursuant to IDX. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumers personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Data last updated 2019-12-12T23:39:49.303.
     
    Alpha Equity Team | EXP Realty LLC
    ,