PRICE REDUCED!
My ALF Consultant exclusively offers a sale of this former 20-bed assisted living facility in Downtown Leesburg, FL.
This property is approved for a room and boarding house for up to 19 residents or assisted living for up to 20 residents. The current owners have renovated the property and are preparing it to be used as a Boarding house. The City of Leesburg confirmed that in order to open, the owner will need to add 6 parking spaces. The owner has an estimate for approximately $5900 to build these parking spaces. Check with the City of Leesburg for other possible uses including, foster home, daycare, halfway house, independent living, memory care, APD Group Home, Etc.
Boarding houses are not licensed by any entity and have very little overhead costs. Residents rent either a private or shared room for a fixed monthly cost. All residents share the common spaces, bathrooms, outdoor spaces, and laundry facilities. Services included in the monthly fee are typically utilities, cable TV, phone, cleaning*, and 1 or 2 meals**.
(*Includes common area cleaning and residents usually keep their own space clean. **Typically includes continental breakfast only but can offer daily dinner service)
Before the expiration of the due diligence period, the buyer is to verify all permits, market rents, approvals, regulations, parking, capacity increases, allowed use, zoning, financials, pro-formas, applied add-backs, and all other factors pertaining to using this parcel and building for the buyer’s intended use.
