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Cash flowing Assisted Living Facility in the heart of downtown! Huge opportunity to purchase this fully occupied assisted living facility in one of the best areas of downtown St Pete. Netting over $115,000 annually, with room for growth in the next year, this property offers a 7.7% cap rate! In fantastic condition, little maintenance is needed. Currently 14 bedrooms, each with their own private bath. As per owner, the facility has the possibility of being increased to over 18 residents as some of the bedrooms are big enough for double occupancy; would just require an application to the state and an approval for the increase.
Listed by ALEXIS Selby, INVESTMENT FLORIDA REALTY LLC

Property Details of 660 3rd Avenue S

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Based on information submitted to MFRMLS as of April 14, 2021 . All data is obtained from various sources and has not been, and will not be, verified by broker or MFRMLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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