12 Grv Ave Lake Wales, FL 33853-4760

This exceptional investment opportunity presents a rare chance to acquire a thriving 51-bed Assisted Living Facility (ALF) in the desirable Lake Wales, Florida market. Located at 12 E Grove Ave, Polk County, FL 33853 (27.889888, -81.5879536), this turnkey operation includes the real estate, established business, all necessary licenses, and a backup generator. Currently operating at a 65% occupancy rate, the facility boasts a 5.4% capitalization rate, demonstrating strong existing performance. However, a significant upside exists; projections indicate the potential to achieve a remarkable 17% capitalization rate through increased occupancy and optimized operational expenses. The property is fully licensed for 60 beds, offering immediate capacity for expansion and revenue growth. The sale includes the existing, fully operational staff and management team, ensuring a seamless transition for the new owner. This is a truly unique opportunity to acquire a well-established, high-performing ALF in a growing market. The asking price for this exceptional property is $6,100,000. Don't miss this chance to secure a highly desirable investment in the assisted living sector. This is a special purpose property offering substantial returns and significant growth potential.