, for Sale

for Sale

Price $4,200,000.00

• Lot size 12501
• Year Build 1977
• Waterfront
• Zip 33324
• Style
• Parking Description
• Pool Yes
• Status Active

Description

Fully licensed and operational Assisted Living Facility (ALF) portfolio comprising three facilities with a total of 25 licensed beds, located in the desirable South Florida markets of Pompano Beach, Plantation and Coral Springs. The portfolio generates a total actual Gross Operating Income (GOI) of $864,769 and a Net Operating Income (NOI) of $149,061, with potential for significant future growth.With the potential to adjust bed rates, investors could achieve a projected GOI of $1,324,800 and an NOI of $548,761.41, offering an impressive projected CAP rate of 13.1%.

All showings are by appointment only! Please call the listing office for more information.

PLANTATION HILLS 1 SEC 78-41 B LOT 7 BLK 2

Fully licensed and operational Assisted Living Facility (ALF) portfolio comprising three facilities with a total of 25 licensed beds, located in the desirable South Florida markets of Pompano Beach, Plantation and Coral Springs. The portfolio generates a total actual Gross Operating Income (GOI) of $864,769 and a Net Operating Income (NOI) of $149,061, with potential for significant future growth.With the potential to adjust bed rates, investors could achieve a projected GOI of $1,324,800 and an NOI of $548,761.41, offering an impressive projected CAP rate of 13.1%.

City:Plantation,Zoning:RS-3K S,List A O R:A-Miami Association of REALTORS,Latitude:26.1302401,List Price:4200000,Listing Id:A11704611,Longitude:-80.2514446,Mls Status:Active,Year Built:1977,Postal Code:33324,Coordinates:1:26.1302401,Photos Count:4,Business Type:1:Residential-Multi-Family,Lot Size Units:Square Feet,M I A M I R E_ Area:3760,On Market Date:2024-12-05,Parcel Number:504104050340,Property Type:Commercial Sale,Public Remarks:Fully licensed and operational Assisted Living Facility (ALF) portfolio comprising three facilities with a total of 25 licensed beds, located in the desirable South Florida markets of Pompano Beach, Plantation and Coral Springs. The portfolio generates a total actual Gross Operating Income (GOI) of $864,769 and a Net Operating Income (NOI) of $149,061, with potential for significant future growth.With the potential to adjust bed rates, investors could achieve a projected GOI of $1,324,800 and an NOI of $548,761.41, offering an impressive projected CAP rate of 13.1%.,County Or Parish:Broward County,List Office Name:RE/MAX 5 Star Realty,Private Remarks:All showings are by appointment only! Please call the listing office for more information.,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:New,Postal Code Plus4:1440,Property Sub Type:Income/MultiFamily,State Or Province:FL,Tax Annual Amount:14786,Unparsed Address:621 NW 76th Ave, Plantation FL 33324,Listing Agreement:Exclusive Right To Sell,Building Area Total:7768,Building Area Units:Square Feet,Lot Size Square Feet:12501,Original List Price:4200000,Public Survey Range:50,Senior Community Y N:1,I D X Participation Y N:1,Syndication Remarks:Fully licensed and operational Assisted Living Facility (ALF) portfolio comprising three facilities with a total of 25 licensed beds, located in the desirable South Florida markets of Pompano Beach, Plantation and Coral Springs. The portfolio generates a total actual Gross Operating Income (GOI) of $864,769 and a Net Operating Income (NOI) of $149,061, with potential for significant future growth.With the potential to adjust bed rates, investors could achieve a projected GOI of $1,324,800 and an NOI of $548,761.41, offering an impressive projected CAP rate of 13.1%.,Listing Contract Date:2024-12-05,Originating System I D:miamire,Showing Instructions:Appointment Only,Call Listing Office,Street Number Numeric:621,Tax Legal Description:PLANTATION HILLS 1 SEC 78-41 B LOT 7 BLK 2,Public Survey Township:50,Originating System Name:Miami Association of REALTORS?,M I A M I R E_ Internet Remarks:Licensed ALF portfolio with 25 beds in South Florida, generating $149K actual NOI, projected $548k NOI for a projected 13% CAP Rate.,Contract Status Change Date:2024-12-05,M I A M I R E_ Ok To Advertise List:No,Internet Entire Listing Display Y N:1,