201 Rosefield Ave Leesburg, FL 34748

This property, formerly a 20-bed assisted living facility, is located in Downtown Leesburg, FL. It is approved for a room and boarding house for up to 19 residents and assisted living for up to 20 residents. The current owners have renovated the 3,465 square foot property and are preparing it to be used as a boarding house. The City of Leesburg has indicated that opening the boarding house will require the addition of 7 parking spaces. Other possible uses, subject to verification with the City of Leesburg, include foster home, daycare, halfway house, independent living, memory care, and APD Group Home. Boarding houses are not licensed and have minimal overhead costs. Residents would rent private or shared rooms for a fixed monthly cost, sharing common spaces, bathrooms, outdoor areas, and laundry facilities. Monthly fees typically cover utilities, cable TV, phone, and cleaning of common areas, with residents responsible for cleaning their own spaces. Continental breakfast is typically included, with the option to offer daily dinner service. Prospective buyers are advised to verify all permits, market rents, approvals, regulations, parking, capacity increases, allowed use, zoning, financials, pro-formas, applied add-backs, and other relevant factors for their intended use during the due diligence period.