201 Rosefield AveLeesburg, FL 34748

This exceptional 4,725 square foot senior living facility in Leesburg, Florida, presents a compelling value-add investment opportunity. Approved for up to 19 beds as a room and boarding house or 18 beds as an assisted living facility (ALF), this property offers significant potential. Built in 1958 and extensively renovated in 2023, the single-story building sits on a 0.2-acre lot and features 11 existing bedrooms, a renovated kitchen, new water heater, and one new HVAC unit. The property also includes fire sprinklers, a fire alarm, and an automatic generator. Currently vacant, it boasts a pro-forma NOI of $179,808 and a pro-forma cap rate of 26.84%, with an asking price of $670,000 ($141.80/sq ft). The net rentable area is 3,465 square feet. The City of Leesburg requires the addition of six parking spaces (estimated cost: $5,900) for operation. Potential uses beyond ALF and room and boarding houses include independent living, daycare, group home, foster home, or memory care. Prospective buyers are responsible for verifying all permits, approvals, regulations, and zoning compliance with the City of Leesburg before submitting an offer. This property offers a unique chance to capitalize on the growing demand for senior living options in a desirable location. The property was previously licensed as a 20-resident ALF. All information should be independently verified by the buyer.