1234 Old Main Street

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1234 Old Main Street

Bradenton, FL 34205
Asking Price
$1.95M
Asset Type
Retail
Class
Class B

What's Special

27-Unit / 36-Bed Licensed Assisted Living Community | Absentee Owner | North Port–Sarasota–Bradenton <p>This is an opportunity to acquire a licensed 36-bed assisted living community on an urban infill site along a major commercial corridor in the North Port–Sarasota–Bradenton MSA — one of the nation's fastest-growing metros, with a senior population concentration among the highest in the country. The community features 19 studios and 8 semi-private rooms, two dining rooms, a commercial kitchen, a nurses' station, and full fire sprinkler coverage with 24-hour emergency call systems. Performance

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NOI
$80,000
Cap Rate
4.10%
DSCR
0.69
Underwater
Cash-on-Cash
-6.11%
Monthly Payment
$9,647.536
Annual Cash Flow
$-35,770.433

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