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MLS # :A11344372 |
Price :$3,999,000 |
Status :
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Listing Date :Feb 16, 2023 |
Square Footage :Not Available |
County :Broward County |
Square Footage :Not Available |
Year Built :1946 |
Taxes :$6,586 Per Year |
Waterfront :No |
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Remarks :The physical property consists of two buildings total of 5,507 SF, well situated on a large 15,565 SF lot. The property has 16 rooms with a total of 35 beds. The facility is fully licensed and operating and is currently 100% occupied with 35 residents with a waiting list. Experienced staff will remain after closing. The facility generated $781,630 in gross revenue in 2022, and net $350,461 a year. Projected gross revenue for 2023 is expected to go up to $940,830 with net income raising to $513,505. This income provides a strong 12.8% capitalization rate at a full asking price. This is an excellent investment opportunity in a market with very limited inventory. |
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Call: 305-998-9922
Sunny Realty
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listed above. The data relating to real estate for sale, rent or sold on this web site comes from the Internet Data Exchange Program, South East
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Email. Info@SunnyRealty.com
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