2850 COUNTS
TITUSVILLE, FL, 32796

$750,000 | Commercial | Bed - 0 Bath
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INVESTMENT SUMMARYPotential Income Post Rehab and Massive Value Add once you renovate - Using the resident income and Medicaid reimbursement, the overall payment to the facility that accepts ALE waiver recipient is $1,570.00 per month. For private patients the average rate in the Titusville area is $3,000-$3,500.00 per monthFor private patients - 3000$/room/month with a vacancy factor of 10% - is over $2.85M in gross revenue per yearBuilding is owned by physicians with no debt who had plans of running the facility. As they no longer plan to relocate to manage and run the facility, they've chosen to deeply discount the price and offload this amazing investment opportunity so that an investor with the appropriate resources can take on the project of rehabilitating this assisted living facility. There may be an opportunity to pursue additional types of care if approved by municipality resulting in a greater ROI. Once revamped and running, a functional ALF can sell easily at a 5 cap. PART OF NE 1/4 OF NW 1/4 AS DES IN ORB 1001 PGS 502,503 PAR 252,256,257

Status: A
Area: 32796 - Titusville
Acreage: 11.29
Year Built: 1968
Taxes: $13,993.00
SqFt: 33,804


Listing Office: EXP Realty LLC - MLS ID: O5817551
2850 COUNTS, TITUSVILLE, FL, 32796

2850 COUNTS, TITUSVILLE, FL, 32796

2850 COUNTS, TITUSVILLE, FL, 32796

2850 COUNTS, TITUSVILLE, FL, 32796

2850 COUNTS, TITUSVILLE, FL, 32796

2850 COUNTS, TITUSVILLE, FL, 32796

2850 COUNTS, TITUSVILLE, FL, 32796

2850 COUNTS, TITUSVILLE, FL, 32796

2850 COUNTS, TITUSVILLE, FL, 32796

2850 COUNTS, TITUSVILLE, FL, 32796

2850 COUNTS, TITUSVILLE, FL, 32796

2850 COUNTS, TITUSVILLE, FL, 32796

2850 COUNTS, TITUSVILLE, FL, 32796

2850 COUNTS, TITUSVILLE, FL, 32796

2850 COUNTS, TITUSVILLE, FL, 32796

2850 COUNTS, TITUSVILLE, FL, 32796

2850 COUNTS, TITUSVILLE, FL, 32796

2850 COUNTS, TITUSVILLE, FL, 32796

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