MLS#: A11704611

$4,200,000 USD

Listed By RE/MAX 5 Star Realty

The Commercial Property for Sale located at Plantation, Florida is currently for sale. Plantation, Florida is listed for $4,200,000. If the property located at Plantation, Florida isn't what you're looking for, visit https://www.sheliagasson.com to see other Commercial Properties for Sale in Plantation .

Date Updated : Dec 6, 2024

The details

Property features

Construction details

  • Year built: 1977

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%.

Location

Plantation, Florida
Courtesy of John DeMarco RE/MAX 5 Star Realty