Address
2850 COUNTS LANE Titusville, FL
Price
$ 700,000
Property Attributes
- MLS#O5817551
- TypePending
- CountyBREVARD
- CityTitusville
- AreaTitusville
- Zip32796
- StyleHotel/Motel
- Year Built1968
- Taxes13993
- Price$ 700,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage33804
- Lot Size11.29 Acres
Listing Provided Courtesy Of:
EXP REALTY LLC
Property Description
INVESTMENT SUMMARY Potential 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-$3,500.00 per month For private patients - 3000$/room/month with a vacancy factor of 10% - is over $2.85M in gross revenue per year Building 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.
| Price History | |
|---|---|
| 7/12/2020 | Listed $750,000 |
| 10/6/2020 | 7% - $700,000 |
General Features
| Building Features | Kitchen Facility, Other |
|---|---|
| Business Type | Assisted Living, Hotel/Motel, Other, Retail |
| Ceiling Height | 23 + Feet |
| Construction Materials | Concrete |
| Cooling | Other |
| MLS Area | 32796 - Titusville |
| Other Structures | Maintenance |
| Parking Features | 19 to 30 Spaces |
| Property SubType | Hotel/Motel |
| Property Type | Commercial |
| Security Features | Security Gate |
| Special Listing Conditions | None |
| Status | Pending |
| Total Num Buildings | 4 |
| Township | 21 |
| Year Built | 1968 |
| Zoning | IN(L) |
Interior Features
| Living Area | 33804.00 |
|---|
Exterior Features
| Building Area Total | 53837.00 |
|---|---|
| Foundation Details | Slab |
| Lot Features | Other, Street Paved |
| Lot Size Acres | 11.29 |
| Lot Size Square Feet | 491792 |
| Road Frontage Type | Other |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Master On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Zip Code Average in 32796
Price
Taxes
Visits
Year Built
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Copyright © MFRMLS.com All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in
