12 E Grove Ave, Lake Wales, 33853
Listing UP for Sale
12 E Grove Ave, Lake Wales, 33853
Overview
- 120208
- Lot sqft
Description
Rare opportunity to own this Prime 51-bed Assisted Living Facility (ALF) located at 12 E Grove Ave in Lake Wales, FL. This sale includes real estate, the business, required licenses, and a generator. Currently operating at 65% occupancy at a 5.4% Cap Rate, this facility offers significant potential for increased profitability by filling vacancies and optimizing expenses to operate at a whopping 17% Cap Rate! This property also have the license to operate at 60 beds! Full staff and management in place! ALFs of this caliber rarely come to market—don’t miss out on this highly desirable investment opportunity!
Address
Open on Google Maps- Address 12 E Grove Ave
- City Lake Wales
- State/county Florida
- Zip/Postal Code 33853
- Area Polk County
Details
Updated on October 14, 2024 at 5:08 pm- Property ID: A11675602
- Price: $6,100,000
- Land Area: 120208 sqft
- Property Status: Listing UP for Sale
Listing Agent Contact Information
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