Eastside Senior Living Community

Hollywood, FL (Broward County)

Eastside Senior Living Community
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Asking Price: $15,900,000

Cash Flow: N/A

Gross Revenue: N/A



Inventory: N/A

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Eastside Senior Living Community

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Business Description

John DeMarco with Re/Max 5 Star Realty is pleased to present Eastside Active Assisted Living and Independent Living Senior Care Community. This once-in-a-lifetime acquisition opportunity consists of 90 licensed Assisted Living Beds (45 units), and 115 independent living units, totaling 160 units.This senior housing community is well situated on over 6.76 acres, and contains 106,566 square feet of usable space. Originally built as a VA hospital, this building has large unit sizes, wide hallways, open common areas, a full commercial kitchen, dining rooms, several nursing stations, ample parking, pool deck, large villas and private courtyards. Lots of room to expand existing business, bed count, and build additional units. Excellent physical plant and layout. A+++ location in East Hollywood Florida.
This property is currently 65% occupied. It is grossing $2,333,928 per year. Pro-forma: NOI is $1,449,630, providing an investor with a more market 9.12% capitalization rate with a 10% vacancy rate. An aggressive operator can easily increase revenue and receive well above a 9% capitalization rate. This is without increasing the current ALF bed count. This property has the potential to increase the number of ALF beds. Call for additional information and remember to not disturb existing business.

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John DeMarco

Business Listed By:
John DeMarco

RE/MAX 5 Star Realty

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