5426 18th St W - Bayshore Gardens Assisted Living Real Estate 6,539 SF Health Care Building Offered at $1,395,077 at a 7.10% Cap Rate in Bradenton, FL 34207

Short Term Seller Financing Seriously Considered - Open to Offers
Investment Highlights
• Motivated Seller--Open to Offers
• With tenant(term has expired and tenant is in place on a month to month basis) in place for the main building and an active
Assisted/Independent Living Facility as the tenant, the ability to lease the remodeled (new roof & interior) existing cottage (approx 1,100 SF) and create an additional flow of rental income (approx market rent of $1,500/mo.
* Property was split into two parcels last year with the main building and greenspace being on one parcel and the cottage and the vacant land being on the other parcel.
There is also a vacant lot at the Northern front end of the property and future expansion or new construction are possibilities with county approval.
Tenant is responsible for all Utilities, Real Estate Taxes, Landscaping, Interior Improvements and Repairs and Insurance.
Ownership/Landlord is responsible for roofing, structural, etc. In essence a Net Lease
This is a fantastic and rare opportunity to acquire a multi-faceted investment including an Assisted Living Facility on a 3 year lease.
The ownership put in a brand new 22KW Generator with 200 AMPs in 2019. This $40k+ improvement comes with a 5 year warranty.
Plenty of area for serene outdoor settings are on this .44 acre site as well. Featuring a large, shaded backyard garden area with majestic Oaks providing the canopy, and storage sheds, as well as additional land and a 2nd building on the south side of the property. Providing plenty of room for future expansion. And easy conversion to additional rooms or staff housing.
Ownership has recently split the single parcel into two parcels with the lot and cottage being on one parcel and the main building with the Living Facility tenant on its own parcel as well.
Call Dreznin Pappas Commercial Real Estate @ 941-961-8199 today to schedule a tour of this amazing property and see how your vision of future success looks!