PRIME DUPLEX WITH ASSISTED LIVING FACILITY LICENSE

  • $3,000,000
10921, Southwest 5th Street, Sweetwater, Miami-Dade County, Florida, 33174, United States
  • Multi-family
  • Property Type
  • 2
  • Units
  • 2,434
  • ft²
  • 6,190
  • Lot ft²
For Sale
PRIME DUPLEX WITH ASSISTED LIVING FACILITY LICENSE
10921, Southwest 5th Street, Sweetwater, Miami-Dade County, Florida, 33174, United States
  • $3,000,000

Details

Updated on August 9, 2024 at 1:01 pm
  • Price: $3,000,000
  • Property Size: 2,434 ft²
  • Land Area: 6,190 ft²
  • Units: 2
  • Property Type: Multi-family
  • Property Status: For Sale

Description

In the center of the Florida International University community is a remarkable duplex property, boasting an impressive cap rate exceeding 9%. This unique investment is not just a piece of real estate; it’s a turnkey business operation with a fully licensed Assisted Living Facility. Fully operational and compliant, offering peace of mind and a seamless transition, with attractive earnings of $2,800 per bed being collected from Social Security and Medicare. There are 12 beds on site, full kitchen, staff, food, and all the traditional services offered at the location. Operation has been active for over 10 years, this is a burgeoning industry in South Florida with population growth, demand increasing for senior housing solutions, rise in health care, this is driving demand for alternative products like this making this a secure investment with great returns. Owner finance is available at an attractive 10 year term, giving investors leverage on an already lucrative opportunity. Contact us now and make your bid.

Property Documents

10921 SW 5TH ST-LR-EB-CFM-FLYER
  • Address 10921, Southwest 5th Street, Sweetwater, Miami-Dade County, Florida, 33174, United States
  • State/county Miami-Dade County
  • Zip/Postal Code 33174

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Lourdes Ramia
  • Lourdes Ramia