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High-CAP Retirement Home - 173,653sqft ALF + 5 acres Multifamily Land 173,653 SF Health Care Building Offered at $52,000,000 at a 8.27% Cap Rate in Venice, FL 34293
INVESTMENT HIGHLIGHTS
- Lucrative Business Opportunity
- Over 5 acres of developable multifamily land attached
- Area of immense development
- Over 173k sqft of building
- High traffic area
- Large potential
EXECUTIVE SUMMARY
Lucrative real estate & business opportunity! Roughly 8 CAP w/ fillable vacancies- plus 5 acres of cleared multifamily land for a high-rise development or extension of currently development. Gross income of roughly $4m operating at approximately 23.5% vacancy rate.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$5,821,852
|
$33.53
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$5,821,852
|
$33.53
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $5,821,852 |
| Annual Per SF | $33.53 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $5,821,852 |
| Annual Per SF | $33.53 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
PROPERTY FACTS
ROOM MIX INFORMATION
| DESCRIPTION | NO. BEDS |
|---|---|
| ALF Units | 190 |
1 1
PROPERTY TAXES
| Parcel Number | 0460-13-0003 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $16,414,013 |
PROPERTY TAXES
Parcel Number
0460-13-0003
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$16,414,013
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High-CAP Retirement Home - 173,653sqft ALF + 5 acres Multifamily Land
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