Senior/Assisted Living

Special Purpose for Sale
Catylist Listing ID: 30604430
Property Subtypes: Senior Housing
Building Size (RSF): 14,164 SF
Gross Land Area: 1.21 Acres
Sale Price: $900,000
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/28/2020

Overview / Comments

Tons of Potential!!!!! Bargain hunters this is for you! Former ALF that needs overhaul estimated repairs between $500-600k. For the right buyer this is a money maker! Purchase at $900k + $500k in repairs = $1.4 million with an ARV of between $2.1-2.3 Million.

Additional Details

Nearest MSA: Tallahassee
County: Franklin
Taxing Authority: Franklin County
Tax ID/APN: 20-07S-04W-4230-0E08-0010
Area Description: If you’re dreaming of pristine beaches, bountiful boating adventures and prolific offshore fishing, it’s time to explore Carrabelle Florida. This picturesque coastal community leaves a lasting impression on every visitor who sets foot on its sugar white sand. Known as the Florida Panhandle’s Gateway to the Gulf, Carrabelle is every outdoor enthusiast’s paradise.
Total Number of Buildings: 3

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Demographic Statistics

Proximity: 5 miles
Total Population: 2,206
Median Age: 34.22
Households: 308
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