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18 Bed Assisted Living Facility w/ 14.5% CAP Rate in Palm Beach



$739,000

FOR SALE

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Riviera Beach, FL

  • Great opportunity to own this Assisted Living Facility!
  • It has a great CAP rate, and includes the real estate. Very easy to manage, always a waiting list to move in.
  • This ALF offers 18 Beds, fully occupied Two licenses; Mental and Standard.
  • New fire alarm system, flooring, paint in and out, new light fixtures and fans, flooring, kitchen, 3 refrigerators, 2 freezers, 2 microwaves.
  • NOI $102,000+ for 2017
  • CAP RATE 14.57%
  • Per Bed ask $38,883
  • Drive by only! Please Do Not Disturb!

Documents

 

  • Sale Comps $740K - $750K
  • Rental Comps $27,000 - $32,000
  • Property Type Commercial
  • Location Riviera Beach, FL
  • Size 3995 sq. ft.
  • Bedrooms 18
  • Bathrooms 18
  • TAV 291.8K
  • Annual Taxes $6,587
  • Year Built 1960

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