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.

Property Features

  • 1 Space
  • 504221110140
  • Appliances
  • B-2
  • Barbeque
  • Blinds
  • Broward County
  • CBS Construction
  • Ceiling Fan(s)
  • Central
  • Central Air
  • Check Land Use Plan
  • Clubhouse- Clubroom
  • Community Room
  • Decorative
  • DEVONSHIRE 22-29 B LOT 20 BLK 1
  • Elevator(s)
  • Exercise Room
  • Exterior Cat Walk
  • Fenced
  • Fireplace
  • First Floor Entry
  • Flat Tile
  • Golf View
  • Guest
  • Heated
  • Heated Pool
  • In Ground
  • Lagoon
  • Miami Association of REALTORS®
  • Municipal Water
  • On Golf Course
  • Penthouse
  • Public Sewer
  • Screened Balcony
  • Shuffleboard
  • Trash Chute
  • true
  • Utility Room/ Laundry
  • Vinyl
  • Zoned Duplex
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