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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 FEATURES
Water Source : Public
Sewer System : PublicSewer
Heating : Central
Cooling : Yes.
Cooling : CentralAir
PROPERTY DETAILS
Street Address: 12 E Grove Ave
City: Lake Wales
State: Florida
Postal Code: 33853
County: Polk
MLS Number: A11675602
Courtesy of Fausto Commercial Realty Consultants Inc
City: Lake Wales
State: Florida
Postal Code: 33853
County: Polk
MLS Number: A11675602
Courtesy of Fausto Commercial Realty Consultants Inc
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