Plantation, FL 33324
- Multifamily properties
- 7,768 SF
- 0.29 lot acres
Current Use by Public Records
- Multifamily properties
Property Details
- Year built
- 1977
- Lot size
- 0.29 lot acres
- Property size
- 7,768 SF
- Property type
- Multifamily properties
Description
This exceptional investment opportunity presents a portfolio of three fully licensed and operational Assisted Living Facilities (ALFs) in desirable South Florida locations: Pompano Beach, Plantation, and Coral Springs. The portfolio boasts a combined 25 licensed beds and a total square footage of 7,768. Currently generating a substantial actual Gross Operating Income (GOI) of $864,769 and a Net Operating Income (NOI) of $149,061, this portfolio offers significant upside potential. A detailed financial analysis reveals a projected GOI of $1,324,800 and an NOI of $548,761.41, based on achievable bed rate adjustments. This translates to an impressive projected capitalization rate of 13.1%. The facilities are situated on a combined 0.29 acres of land. This is a rare opportunity to acquire a well-established, income-producing portfolio in a high-demand market, offering both immediate returns and substantial long-term growth prospects. The portfolio's strong performance and significant upside potential make it an attractive investment for discerning buyers seeking a high-yield, stable asset in the thriving South Florida healthcare market. The current financial performance provides a solid foundation for future expansion and increased profitability.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Plantation
- County
- Broward
- State
- Florida
- Longitude
- -80.2564
- Latitude
- 26.1323
