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Key Details
Sold Price $975,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 7,768 sqft
Price per Sqft $125
MLS Listing ID A11704611
Sold Date 05/30/25
HOA Y/N No
Year Built 1977
Annual Tax Amount $14,786
Contingent Other
Lot Size 0.287 Acres
Property Sub-Type Multi Family
Property Description
Fully licensed and operational Assisted Living Facility (ALF) portfolio comprising three facilities with a total of 25 licensed beds, located in the desirable South Florida markets of Pompano Beach, Plantation and Coral Springs. The portfolio generates a total actual Gross Operating Income (GOI) of $864,769 and a Net Operating Income (NOI) of $149,061, with potential for significant future growth.With the potential to adjust bed rates, investors could achieve a projected GOI of $1,324,800 and an NOI of $548,761.41, offering an impressive projected CAP rate of 13.1%.
Location
State FL
County Broward
Area 3760
Exterior
Private Pool Yes
Others
Tax ID 504104050340
Acceptable Financing Cash, Other
Listing Terms Cash, Other
Financing Cash
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Bought with United Realty Group Inc