1234 Pasco County, Holiday, FL 34690

This exceptional assisted living facility (ALF) in Holiday, Florida, presents a compelling value-add investment opportunity. Boasting approximately 7,200 square feet on a half-acre lot in Pasco County, this single-story building features approximately 30 beds, multiple common areas including a living room, dining room, great room, TV room, library, beauty salon, pantry, and staff break room. The property includes ample parking, a welcoming front porch, and a relaxing courtyard. The facility is equipped with a full sprinkler system, fire alarm, and an automatic backup generator. Financials indicate a strong NOI of $128,000 and an 8.00% cap rate, with an asking price of $1,600,000. The property has been under the same ownership for over a decade, offering a stable operational history. Potential exists for expansion or conversion into a memory care facility. The buyer is responsible for verifying all aspects of the property, including but not limited to permits, approvals, regulations, allowed use, parking, financials, market rental rates, expenses, zoning, licenses, building square footage, expansion possibilities, and the exact number of licensed beds, prior to closing. Note that the provided NOI is based on a 2022 Statement of Direct Expenses (SDE) using add-backs