1275 N Banana River Drive, Merritt Island, FL 32952
sale
$850,000
|
Multi-Family
Courtesy Of Direct Sell Inc DBA Weichert Realtors Hallmark Properties
Property can be used for many other uses besides its current ALF use. 11.4% Cap Rate at current price!!! 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. The Property can can carry many other uses besides an ALF for Commercial and Residential purposes ie; Vacation Duplex, VRBO, Air BnB, Office Duplex etc. 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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Virtual Tour
Property Features
- Age: Over 50 Years Old
- Amenities: Water Front
- Appliance: Dishwasher
- Appliance: Refrigerator
- Architecture Style: Other
- Cooling System: Central A/C
- Exterior Type: Concrete Block
- Exterior Type: Block
- Floor Covering: Tile
- Floor Covering: Carpet
- Floor Covering: Tile - Ceramic
- Heating System: Central Furnace
- Legal Description: PART OF GOVT LOT 6 AS DESC IN ORB 814 PG 335
- MLSID: O6048806
- Roof Type: Built-up
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