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    Mixed-use properties

    4177 Congress Ave, Palm Springs, FL 33461

    Built 1987
    Property ID
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
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    Zoning & alternative use
    Permitted uses
    Permitted uses
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