Bank Owned ALF
4373 Venus Avenue, West Palm Beach, Florida 33406
Sold: $550,000
Property Details
Property Type
Residential
Building Type
Freestanding
Building Size
3,678 sqft
Land Size
0.32 acres
Units
13
Sewer
Public
Water
Public
Zoning
RM Medium Density
Electric
FPL
Year Built
1956
Roof
Shingle
Construction
CBS
Property Description
BANK OWNED!!! Real Estate and business included in the sale. This 14 bed assisted living facility consisting of 3 separate buildings located off Military Trail in West Palm Beach. Currently generating $409,334 gross per year. Seller financing available with 35% down. Projected annual resident income $438,572.00 with $342,012.64 annual expenses. NOI $96,559.36 representing a CAP Rate of 14.43%.
Location
Contact
John McQueston
Campbell and Rosemurgy Commercial Real Estate
Office: (954) 427-8686
[email protected]