$850,000
For Sale

1275 N BANANA RIVER DRIVE

MERRITT ISLAND, FL 32952
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Description

11.4% Cap Rate!!! Sellers Motivated!!! Offer Memo (OM) available upon request. Banana River Villas, a Senior Care ALF Home is licensed for 6 Residents with an additional 1 bedroom, 1 bathroom Living Quarter with Private Kitchen & Living Room for Live-In Staff &/or Owner Operators. Its facility offers a comfortable homelike setting for Residents needing Assisted Living. Offering a "Worry Free" way of life through its All Inclusive Services & Amenities. The 5th Wheel Camper in the back conveys with the Subject Property. The property is Canal Frontage leading to the Banana River Lagoon,leading to the Atlantic Ocean. One of the largest Facilities licensed for 6 Residents in Brevard County, it's situated near many landmarks and recreation the Space Coast offers. Price based on Income & Expenses from its 2021 IRS Filings & Current 2022 YTD P&L. Available Upon Request & Signed NDA. Seeing is Believing!!!
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  • Property Details
    • Property
      • Stories:1
    • Measurements
      • Acres:0.43
      • Square Feet:3008
  • Construction Details
    • Type & Style
      • Property type:Purchase
    • Condition
      • Year built:1966
    • Material information
      • Foundation:Slab
  • Utilities / Energy Details
    • Utility
      • Sewer information:Public Sewer
      • Utility source:Public
      • Utility features:Electricity Available, Public, Water Connected
  • Community and Neighborhood Details
    • Location
      • County:Brevard
    • Community
      • Subdivision:ACREAGE
  • Financial Details
    • Pricing Details
      • Original List Price:$1, 190, 000
      • Selling Office Commission:3%
      • Annual taxes:$3, 650
      • Days on Market (Cumulative):90
  • Other
    • Source
      • MLS #:O6048806

Location

William J. Rogan, PhDBerkshire Hathaway Homeservices Florida Realty
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