201 Rosefield AveLeesburg, FL 34748

Property Details for 201 Rosefield Ave

Year built

1958

Construction

CONCRETE BLOCKS

Lot size

0.20 AC

Property size (Sq ft)

3,465 SF

Property type

Assisted living facilities

Property subtype

Retirement homes

APN

23-19-24-0004-000-08001

APU

231924000400008001

Description

This 3,465 sq. ft. property in Downtown Leesburg, FL, is a former 20-bed assisted living facility currently vacant and partially approved for use as a 19-bed room and boarding house (including a manager) or an 18-bed assisted living facility. The property is fully furnished and features fire sprinklers, a fire alarm, an automatic generator, a renovated kitchen, some new flooring, a new water heater, and one new HVAC unit. It includes 11 bedrooms. The seller will consider a lease-to-buy arrangement with negotiable terms. Potential uses, subject to verification with the City of Leesburg, include foster home, daycare, halfway house, independent living, memory care, and more. Boarding houses offer low overhead; residents pay a fixed monthly fee covering utilities, cable TV, phone, and common area cleaning (operational model may vary). Prospective buyers/tenants must independently verify all permits, market rents, approvals, regulations, parking, capacity, allowed use, zoning, financials, proformas, and other factors relevant to their intended use before submitting a letter of intent. The property sits on a 0.2-acre lot.

• CAP approach

  CAP return

  Valuation

  6%

  $704,048

  6.5%

  $649,890

  7%

  $603,470

• Comparable approach

  Method

  Valuation

  Relative Method

  $625,725

  Geo Method

  $625,725

• Alternative Use

  Use

  Valuation

  Residential

  $824,413

  Hospitality

  $755,158

  Educational

  $628,283

  Medical

  $649,890

  Retail

  $977,329

Location Insight

City

Leesburg

County

Lake

State

Florida

Latitude

28.8148

Longitude

-81.8759

CBSA code

36740

CBSA name

ORLANDO-KISSIMMEE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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