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602 MELTON AVE
AUBURNDALE, FL 33823-4428
Asking Price
$4.25M
Asset Type
Mixed-use
Class
Class B
What's Special
Assisted Living - Owner-User Opportunity in Booming Polk County, FL <ul><li>Existing group home facility that can accommodate up to 90 residents</li><li>In-place commercial kitchen</li><li>Convenient access to major thoroughfares (Magnolia Avenue and Polk Parkway) and multiple public transit lines.</li><li>Priced significantly below replacement cost.</li></ul><p></p><p></p>
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NOI
$80,000
Cap Rate
1.88%
DSCR
0.32
Underwater
Cash-on-Cash
-13.52%
Monthly Payment
$21,026.681
Annual Cash Flow
$-172,320.173
