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2850 COUNTS LANE

Commercial Recently Sold
$550,000

BTC: 6.36942675

ETH: 187.96992481

Sold on: 2021-08-12
467 days
0 room(s)
33,804 sqft
Est. Estimated sales range: $0 - $0
$0

Overview

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.

Location

Florida • TITUSVILLE • 32796 • Commercial • Recently Sold

Facts and features

Type:
Commercial Sale
Parking:
19 to 30 Spaces
Year Built:
1968
Lot:
11.29 Acres
Heating:
No Data
Price/sqft:
$21
Cooling:
Other
HOA:
No Data
All facts and features

  • Cooling

    • Other

  • Parking

    • 19 to 30 Spaces

    Lot

    • Lot: 11.29 Acres

    Other Property Information

    • Parcel Number: 2135290000251.00000.00

    • Zoning: IN(L)

  • Type and style

    • Property Type: Commercial Sale

    • Property Sub Type: Hotel/Motel

  • Other financial information

    • Annual tax amount: $13,993

  • Source details

    • MLS ID: O5817551

    Other facts

    • Construction Materials: Concrete

    • Foundation Details: Slab

    • Lot Features: Other

    • Other Structures: Maintenance

    • Living Area: 33804

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The multiple listing information is provided by the Stellar MLS from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2025-present Stellar MLS. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: EXP REALTY LLC