7435 Plathe Rd 24,162 SF Health Care Building Offered at $7,900,000 at a 8.03% Cap Rate in New Port Richey, FL 34653

The subject property is a 76-bed licensed Assisted Living Facility located in New Port Richey, Florida. The property consists of a 22,049 SF facility situated on a spacious 2-acre parcel. The facility is currently 76% occupied with 58 residents and features a large dining area, multiple common areas, outdoor patios and garden space, and spacious accommodations for residents. The facility is currently grossing $2,047,610 and netting $634,230 annually, this gives an investor a 8.03% actual CAP rate at full asking price. With strong demand for senior housing throughout the region and limited assisted living inventory available, this facility presents a compelling opportunity to acquire an established ALF with stable operations and long-term growth potential.