For Sale
$4,200,000

Plantation, FL 33324

Profitable Assisted Living Facilities in South Florida

Overview

Added:
Feb 3
Days on market:
59
This exceptional investment opportunity presents a portfolio of three fully licensed and operational Assisted Living Facilities (ALFs) in desirable South Florida locations: Pompano Beach, Plantation, and Coral Springs. The portfolio boasts a combined 25 licensed beds and a total square footage of 7,768. Currently generating a substantial actual Gross Operating Income (GOI) of $864,769 and a Net Operating Income (NOI) of $149,061, this portfolio offers significant upside potential. A detailed financial analysis reveals a projected GOI of $1,324,800 and an NOI of $548,761.41, based on achievable bed rate adjustments. This translates to an impressive projected capitalization rate of 13.1%. The facilities are situated on a combined 0.29 acres of land. This is a rare opportunity to acquire a well-established, income-producing portfolio in a high-demand market, offering both immediate returns and substantial long-term growth prospects. The portfolio's strong performance and significant upside potential make it an attractive investment for discerning buyers seeking a high-yield, stable asset in the thriving South Florida healthcare market. The current financial performance provides a solid foundation for future expansion and increased profitability.

Property Details

Property type
Multifamily properties
Square Feet
7,768 SF
Year Built
1977
Lot Size (sq. ft)
12,632 SF

Location Insight

City
Plantation
County
Broward
State
Florida
Latitude
26.13232
Longitude
-80.25645
Plantation, Florida

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