Address
2850 COUNTS LANE Titusville, FL
Price
$ 700,000
Property Attributes
  • MLS#O5817551
  • TypeCommercial
  • 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 Active
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
AVG $490K
$700K
Taxes
AVG $4,863
$13,993
Visits
AVG 38
75
Year Built
AVG 1966
1968
Walkscore
AVG 41
15
Data Provided by Walkscore ® not using MLS data

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