For Sale
$650,000

0 Adress Withheld By SellerEustis, FL 32726

Central Florida Assisted Living, $650K

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional 6-bed memory care facility in Eustis, Florida, presents a lucrative investment opportunity. Boasting a substantial 3,570 square feet on a 1.018-acre lot, this 2-story, 2008-built property offers a comfortable and secure environment for residents. The facility features 6 bedrooms, 2 full bathrooms, and 2 half bathrooms, with the upper floor providing living quarters for owners or staff. A key advantage is the fully licensed and established operation, currently enjoying full occupancy and commanding higher-than-average rates due to its homelike atmosphere and personalized care. Financial strength is evident in the strong historical financials and a noteworthy 26.03% cap rate, generating a net operating income (NOI) of $169,227. Further enhancing its appeal are features such as a whole-house automatic generator with a 900-gallon propane tank (providing 96 hours of power), an access control system, and safety grab bars in all resident bathrooms. The property also includes a large, secure patio. This is an owner/user investment opportunity with a price per square foot of $182.07 and a price per bed of $108,333.33. Located conveniently within an hour's drive of downtown Orlando, this property offers a compelling blend of strong financial performance and desirable operational characteristics.

Highlights

  • Established Assisted Living Facility with all necessary licenses.
  • Currently at 100% occupancy.
  • Offers Memory Care services with above-average rates.
  • Spacious 1-acre lot.
  • On-site living quarters located upstairs.
  • Equipped with an automatic Generac generator.

Property Details for 0 Adress Withheld By Seller

Property type
Retirement homes, Assisted living facilities
Square Feet
3,570 SF
Year Built
2008
Buildings
1
Stories
2
Lot Size (sq. ft)
44,344 SF

Location Insight

City
Eustis
County
Lake
State
Florida
Latitude
28.8472701
Longitude
-81.6802054
Adress Withheld By Seller, Eustis, Florida

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0 Adress Withheld By Seller
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