12 E Grove Ave, Lake Wales FL 33853

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!

This special purpose home located at 12 E Grove Ave, Lake Wales FL 33853 is currently for sale and it is a new listing on Brickellsold listed today. This property is listed at $6M. It has N/A beds, N/A bathrooms, and is N/A square feet. 12 E Grove Ave, Lake Wales FL 33853 is in Lake Wales neighborhood Polk County.