Prime 51-bed Assisted Living Facility
For Sale
Prime 51-bed Assisted Living Facility
12, East Grove Avenue, Lake Wales, Polk County, Florida, 33853, United States Details
Updated on October 21, 2024 at 6:43 pm- Price: $6,100,000
- Property Size: 25,666 ft²
- Land Area: 120,208 ft²
- Property Type: Multi-family
- Property Status: For Sale
Description
Rare opportunity to own this Prime 51-bed Assisted Living Facility (ALF) located at 12 E Grove Ave in Lake Wales, FL. This sale includes real estate, the business, required licenses, and a generator. Currently operating at 65% occupancy at a 5.4% Cap Rate, this facility offers significant potential for increased profitability by filling vacancies and optimizing expenses to operate at a whopping 17% Cap Rate! This property also have the license to operate at 60 beds! Full staff and management in place! ALFs of this caliber rarely come to market—don’t miss out on this highly desirable investment opportunity!
Property Documents
12 E GROVE AVE, LAKE
Address
Open on Google Maps- Address 12, East Grove Avenue, Lake Wales, Polk County, Florida, 33853, United States
- State/county Polk County
- Zip/Postal Code 33853
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