Property profile

4177 Congress Ave Palm Springs, FL 33461

OFF-MARKET
Mixed-use properties
Built 1987
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Property summary

AI-generated overview

This meticulously renovated 10,880 square foot assisted living facility presents a unique investment opportunity in Palm Springs, Florida. Located at 4177 S Congress Ave #1, Palm Beach County, FL 33461, this single-story, 1987-built property sits on two acres of land and offers 29 individual units, each featuring modern amenities such as a washer/dryer, fully equipped kitchen, and spacious living areas with walk-in showers or baths. The facility boasts a fully equipped commercial kitchen, a communal dining room, a comfortable TV lounge, an inviting outdoor gazebo, and raised gardens. Ample parking is available with 30 spaces on-site. Safety and security are prioritized with a large generator, fire alarm system, and sprinkler system in place. Furthermore, each unit is equipped with an individual central HVAC system incorporating UVA light technology, designed to eliminate 99.9% of pathogens, ensuring a healthy and safe environment for residents. The property is zoned for its current use as an assisted living facility. This turnkey operation offers significant potential for a strong return on investment. The property's prime location in the tranquil ambiance of Lake Worth adds to its appeal. This is a rare opportunity to acquire a well-maintained and profitable assisted living facility in a desirable Florida market.

Property profile

Verified
Property type Mixed-use properties
Year built 1987

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

4177 Congress Ave Palm Springs, FL 33461
Palm Springs metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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