Rare opportunity to own this Prime 51-bed Assisted Living Facility (ALF) located at 12 E Grove Ave in Lake Wales, FL. This sale includes real estate, the business, required licenses, and a generator. Currently operating at 65% occupancy at a 5.4% Cap Rate, this facility offers significant potential for increased profitability by filling vacancies and optimizing expenses to operate at a whopping 17% Cap Rate! This property also have the license to operate at 60 beds! Full staff and management in place! ALFs of this caliber rarely come to marketdon’t miss out on this highly desirable investment opportunity!
MLS# | A11675602 |
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Listing Type | For Sale |
Style | Special Purpose |
Sub-Type | Resale |
Status | Active |
Days On Site | 152 |
Listing Provided By | Fausto Commercial Realty Consultants Inc | Elior Levi |
SQ Feet | 25,666 |
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Acreage | 120208.00 |
State | FL |
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County | Polk |
City | Lake Wales |
Zip Code | 33853 |
Area | 5940 Florida Other |
Listing VS Median (In 33853) | |
Price: $6,100,000 low | high Med: $3,284,500 SqFt: 25,666 low | high Med: 14,370 $ / SqFt: $238 low | high Med: $195 On site: 152 low | high Med: 90.000000 |