Adress Withheld By Seller Eustis, FL 32726
- Retirement homes
- 3,570 SF
- 1.02 lot acres
Current Use by Public Records
- Retirement homes
Property Details for 0 Adress Withheld By Seller
- Year built
- 2008
- Lot size
- 1.02 lot acres
- Property size
- 3,570 SF
- Property type
- Retirement homes
- Property subtype
- Assisted living facilities
Description
This exceptional 6-bed memory care facility in Eustis, Florida, presents a lucrative investment opportunity. Boasting a substantial 3,570 square feet on a 1.018-acre lot, this 2-story, 2008-built property offers a comfortable and secure environment for residents. The facility features 6 bedrooms, 2 full bathrooms, and 2 half bathrooms, with the upper floor providing living quarters for owners or staff. A key advantage is the fully licensed and established operation, currently enjoying full occupancy and commanding higher-than-average rates due to its homelike atmosphere and personalized care. Financial strength is evident in the strong historical financials and a noteworthy 26.03% cap rate, generating a net operating income (NOI) of $169,227. Further enhancing its appeal are features such as a whole-house automatic generator with a 900-gallon propane tank (providing 96 hours of power), an access control system, and safety grab bars in all resident bathrooms. The property also includes a large, secure patio. This is an owner/user investment opportunity with a price per square foot of $182.07 and a price per bed of $108,333.33. Located conveniently within an hour's drive of downtown Orlando, this property offers a compelling blend of strong financial performance and desirable operational characteristics.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Eustis
- County
- Lake
- State
- Florida
- Longitude
- -81.6802
- Latitude
- 28.8473
