Description
Cash flowing Assisted Living Facility in the heart of downtown! Huge opportunity to purchase this fully occupied assisted living facility in one ofthe best areas of downtown St Pete. Netting over $115,000 annually, with room for growth in the next year, this property offers a 7.7% caprate! In fantastic condition, little maintenance is needed. Currently 14 bedrooms, each with their own private bath. As per owner, the facility has the possibility of being increased to over 18 residents as some of the bedrooms are big enough for double occupancy; would just require an application to the state and an approval for the increase.
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0BEDS
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0.11ACRES
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0BATHS
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01/2 BATHS
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7,190SQFT
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$209$/SQFT
School Ratings & Info
Description
Cash flowing Assisted Living Facility in the heart of downtown! Huge opportunity to purchase this fully occupied assisted living facility in one ofthe best areas of downtown St Pete. Netting over $115,000 annually, with room for growth in the next year, this property offers a 7.7% caprate! In fantastic condition, little maintenance is needed. Currently 14 bedrooms, each with their own private bath. As per owner, the facility has the possibility of being increased to over 18 residents as some of the bedrooms are big enough for double occupancy; would just require an application to the state and an approval for the increase.
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