Senior Housing and Assisted Living Facilities for Sale in Florida

ID#009202    Approximated Beds/Units: 109   Location:   Ft. Myers

Another firm is pleased to introduce the offering of an Independent Living Facility in Fort Myers, Florida. The building is approximately 58,061± square feet and sits on 4.29± acres of land. Since September 2023, it has operated exclusively as an independent living community. Originally constructed in 2015 and opened for occupancy in 2016, the facility was designed as an Assisted Living and Memory Care community. It comprises 109 units offering a variety of layouts, including studios, deluxe studios, and one-bedroom apartments. Some units accommodate dual occupancy, with an additional resident fee of $1,000 on top of the standard $1,500 Entry Fee, providing an additional revenue stream for investors. The monthly rental rates for the apartments range from $2,095 to $2,595 for independent living, depending on size and features, offering residents flexibility to choose the most suitable option for their needs and budget. This investment presents an opportunity for high yields in a prime retirement state that has experienced significant growth over the past decade. There is also potential for increased rental revenue by transitioning the community back to Assisted Living and Memory Care. Although the transition process may take up to 2 years, it offers substantial upside potential. The property features a square U-shaped layout, with resident rooms lining both sides of double-loaded corridors. Each room includes a bathroom with a sink, toilet, walk-in shower, and closet. Upon entry, residents are greeted by a beautifully decorated common area comprising a welcoming lobby, reception space, theater, activity room, spiritual room, offices, conference room, communal dining area, and fully equipped commercial kitchen. The northwest wing houses laundry and mechanical rooms alongside an additional activity room. The community also offers a full-service beauty salon and barbershop, where a stylist rents space and charges for services. Residents can use amenities such as the computer room, TV room, party space, and garden and patio area. Investment Highlights: This 109-unit independent living community offers studios, deluxe studios, and one-bedroom apartments. The units include a walk-in shower, motion sensor lighting, individual air conditioning units, state-of-the-art fire alarms, and much more, along with free WI-FI, electricity, housekeeping, and laundry services, and transportation for local shopping. There are Independent/Assisted Living/Memory Care Units. The facility provides socialization programs and scheduled transportation services. It is located near the edge of a residential neighborhood.

ID# 009201    Beds/Units:   68/45    Location: Ormond Beach

Another firm is pleased to introduce a former assisted living facility with 45 patient rooms,  formally licensed for 68 beds and operating as recently as August 2023. The property includes two parcels with a total lot size of 55,250 SF or just over 1 ¼ acres. The building is 27,940 SF across 4 stories. It has ocean views from every eastern-facing window on floors 2, 3, and 4. There is an elevator that serves all four levels and two sets of exit stairs. The property includes a fully equipped commercial kitchen with a walk-in freezer. The building is fully fire-sprinklered. There is also an oversized whole-building Kholer generator, approximately 18 months old. The property has 28 parking spaces. Zoning is B-1 Professional Office/Hospital Zoning District. The ground floor includes a lobby/reception area, 3 offices, 4 individual restrooms, a commercial kitchen, and ample common spaces. Floors 2-4 have identical floor plans with space for the nurses’ station opposite the elevator plus other staff areas, 15 rooms per floor, all with en suite baths, 9 of which are eastern facing with ocean views. There is an unused second elevator shaft in the building. The north side of the property features a large walled garden, ideal for a pool. This is priced below the replacement cost.

ID#009199    Approximate Beds/Units:  29/25    Location:   Clearwater

Another firm is pleased to introduce a unique investment opportunity to acquire the fee simple interest in a single tenant, NNN leased, freestanding assisted living facility (ALF) property situated in the desirable location of Clearwater, FL. The property is currently leased to The Wave International, a reputable mental health operator with a strong presence across multiple locations, offering comprehensive and evidence-based therapeutic solutions. The tenant’s current lease term is set to expire on May 31, 2032, supplemented by 2 x 5-year extension options. This ensures a long-term and stable income stream for potential investors. Notably, the lease agreement includes annual rental increases of 3% at the commencement of each rental lease year. This strategic feature contributes to the growth of net operating income (NOI) and serves as an effective hedge against inflationary pressures. This ALF investment property represents an exceptional opportunity to acquire a prime asset in an attractive location, leased to a well-established mental health operator with a proven track record. Interested parties are invited to explore this offering and capitalize on the potential for long-term financial growth and stability.

ID#009200    Approximate Beds/Units:   22    Location:  St. Petersburg

Another firm is pleased to introduce a 22-bed Assisted Living Facility in the heart of St Petersburg, Florida. This 4,378 sq ft facility consists of 15 rooms and 16 bathrooms with a full commercial-grade kitchen and common areas which are all ADA compliant. The building is equipped with solar panels significantly reducing costs. The current owner has been doing renovations and has more updates planned. The owner can easily rent each bed for $3,000+ and take advantage of the appreciation that is coming to the area with the tremendous amount of development taking place.

ID#009198   Approximate Beds/Units:  50    Location:   Clearwater

Another firm is pleased to introduce a turn key, licensed,  fully staffed, 50-bed Assisted Living Facility in Pinellas County. This is a perfect opportunity for an experienced operator wanting to expand their portfolio or someone wanting to enter the ALF arena. The building has been upgraded and refurbished since the current owner acquired the property. The sprinkler system was updated in 2020. The generator on site is automatic and self-testing. The Facility features an activity room/activity area, a beautiful garden and fountain, porch and courtyard seating, dining area, living room and visitor’s area, kitchen and meal preparation area, fire sprinklers and security alert systems, in-room and common Bbhrooms, telephone and internet connection/Wifi, and parking for independent care residents.

ID#009197   Approximate Beds/Units:  40    Location:   Pompano Beach

Another firm is pleased to introduce a 10,941 SF Health Care Building with 40 beds in Pompano Beach. Situated within the coveted Atlantic Overlay District (AOD) zoning, this facility is designed to be a 40-bed Continued Care Facility. The building features state-of-the-art finishes, with no expenses spared, and is well-suited and zoned for various purposes such as a continuing care facility. Positioned just one block away from the beach, this newly renovated asset showcases meticulous upgrades cosmetically as well as essential infrastructure elements. From state-of-the-art electrical systems and plumbing to cutting-edge fire safety systems, HVAC, and modern flooring, every facet has been carefully considered. The property also features modern amenities, including backup generators, revamped bathrooms, impact windows and doors, a well-equipped kitchen, and upgraded common areas. If envision a thriving and welcoming continuing care facility, this property combines functionality and adaptability with a touch of coastal elegance.

ID#090196   Approximate Beds/Units:  100+    Location:   Hollywood

Another firm is pleased to introduce an Assisted Living Facility offered at a 6.81% cap rate. The facility boasts 100 beds and presents a promising investment opportunity in a market with scarce inventory. With a total building size of 27,270 square feet, this property offers ample space for residents’ comfort and convenience. The sale includes not only the real estate but also the business, business-related licenses, and inventory. The full staff will remain in place after the closing, ensuring a smooth transition for the new owners.

ID#009192   Approximate Beds/Units:  20    Location:  Davie

Another firm is pleased to introduce a 3,474 SF, 20-bed, Assisted Living Facility in Davie, FL offered at a 14.03% Cap Rate. They are excited to present a highly lucrative acquisition opportunity for investors interested in the healthcare and senior living industry. This premier assisted living facility, located in the heart of Davie, Florida, offers a turnkey solution for those seeking to expand their portfolio in a rapidly growing market. The facility is fully licensed and complies with all state and federal regulations, ensuring that the acquisition process is seamless and hassle-free. The acquisition of this 20-bed assisted living facility in Davie, Florida, presents an exceptional investment opportunity with promising returns. Investing in modernization and upgrades can enhance the facility’s overall appeal and create a more comfortable and aesthetically pleasing environment for residents.

ID#009194   Approximate Beds/Units:  48     Location:   Orland0

Another firm is pleased to present the fee simple ownership in an Assisted Living Facility in Orlando, Florida. The property consists of a one-story, former seniors housing community for repositioning with a total gross area of approximately 36,222 square feet. This move-in ready community consists of a living area within the building that spans approximately 27,711 square feet, accommodating a total of 48 living units along with common areas, a commercial kitchen, and facilities. The property benefits from a strategic location providing excellent visibility and accessibility. Additionally, it is conveniently situated less than a mile away from Florida’s Turnpike toll road, offering efficient transportation connections to the surrounding areas. The current zoning is C1 – Residential Care. The population within a five-mile radius of the property is approximately 183,298 people and the average household income within the five-mile radius is $71,681. This indicates a relatively affluent demographic, suggesting a higher level of purchasing power and consumer spending potential in the surrounding area. Investment Highlights: Well below replacement cost, convenient location, and move-in-ready community

ID#009186   Approximate Beds/Units:  28     Location:   Daytona Beach

Another firm is pleased to introduce a former 28-Bed Assisted Living Facility plus a Single Family House with an additional lot for parking! The property consists of 3 parcels, featuring a former 28-bed, 14-room assisted living facility. The main building, spanning 8,300 square feet, provides a solid foundation for a variety of potential uses. Situated on a spacious 7,500-square-foot lot, the property offers ample outdoor space that can be transformed to suit your specific needs. In addition to the assisted living facility, this property includes a ranch-style 3-bed, 1.5-bath single-family house. This residence adds a residential dimension to the property, offering versatility and the potential for a live-in caretaker or additional on-site management. The single-family house complements the overall character of the property and provides a comfortable living space. There is also an additional lot of 10,450 square feet. The extra space opens the door to future development opportunities, allowing for the creation of new structures or amenities to enhance the property’s overall value. Alternatively, the additional lot can be utilized for parking, addressing any potential parking needs and enhancing accessibility for residents, visitors, or future tenants. Strategically located in Daytona Beach, this property enjoys the benefits of a vibrant community and convenient access to local amenities. Whether you’re considering reviving the assisted living facility, converting the space for a new purpose, or exploring future development opportunities, this property provides a canvas for your vision. Don’t miss the chance to explore the potential of this unique property that combines a former assisted living facility, a single-family house, and an additional lot for future development or parking. Unlock the possibilities and make this Daytona Beach property your next investment or project.

ID#009187   Approximate Beds/Baths:  32+23     Location:  Central Florida/Ocala

Another firm is offering for sale a 53 Plus or Minus bed ALF within the Central FL Region. The facility is well-run and has been in business for many years. The sale includes 2 facilities under the same name and management. One facility is licensed for 32+/- Beds and the second is licensed for 23+/- Beds. The assisted living facilities offer functional layouts and have a large courtyard. These facilities have a good reputation with excellent management in place. The current owner runs the business from out of town which makes this a moderately passive investment. The owner’s responsibilities are to oversee the business’s financials and provide strategic and operational support. The ownership conducts weekly teleconference meetings with the management team which creates open communication and essential oversight. These ALFs maintain a good occupancy rate with a $3200 average monthly rate. The owner has improved the operations by reducing unnecessary costs and increasing revenue and still providing a high level of service for the residents. There is tremendous upside potential with this ALF. There is a fully licensed and renovated but vacant building that is ready for residents. In addition, the ownership has considered building an extension on the larger of the two buildings and creating a secure courtyard in the process. This would dramatically increase the gross revenue potential and simultaneously create a safe outdoor environment for all residents to enjoy. The main buildings offer a total of 19,000+/- Square feet on over 1.50 acres with multiple private and semi-private living options. The property has many common areas for residents to enjoy. When you visit this assisted living facility, you can tell it is well run, the residents are happy, and the staff is professional with very little turnover. This ALF can also be purchased with a sister community which is licensed for 58+/- Beds and within a 1-hour drive. The package of both facilities would offer a total of over 110 Beds. Real Estate and business are included in the asking price. Prior to closing, the buyer is to verify all permits, approvals, regulations, allowed use, parking, financials, market rental rates, expenses, zoning, licenses, building square footage, expansion ossibilities, number of licensed beds, proformas, FF&E valuation, and all other factors pertaining to using these parcel(s) and building(s) for the buyer’s intended use.

ID#009185   Approximate Beds/Units:   34    Location:  Fort Lauderdale

Another firm is pleased to introduce an Assisted Living Facility that is licensed for 34 beds. The management team has been operating the Assisted Living Facility since 2001, employee staff is experienced and compassionate. This ALF is ranked by Caring.com to be among the Top 10 in Fort Lauderdale. A HUD Appraisal was completed in December 2022 and appraised the business/real estate at $5.4 million. The business has consistently increased revenue by 10% year over year, this includes the pre and post-Covid period. The management team expertly selects resident admissions to maximize revenue and consistently manages the facility to capacity. The management team will support the transition. No financing contingencies at closing. The community is comprised of four buildings connected by a central courtyard, as well as exterior breezeways. Collectively, the buildings were built in 1963 and contain 6,139± square feet of gross building area, with a total land area of 16,675 SQ-FT (~.38 acres). The property and building(s) have been well maintained with regular capital investment. There are 9 parking spaces, including one space designated for handicapped use. and was recently remodeled. (Home Based)

ID#0090170  Approximate Beds/Units:  30/58     Location:  Lake Alfred

Another firm is pleased to introduce this 58+/- Bed Assisted Living in Central Florida MSA. If you are looking to get into the Assisted Living business or expand your operations, this is a great property for you. This facility specializes in lower-income and Medicaid residents and has maintained a very high occupancy rate over many years. There is tremendous demand for affordable senior living housing. Servicing this population has provided this ALF with the stability of occupancy and revenue. In addition, given the capacity and revenue, the business affords multiple levels of management. This offers a moderately passive investment and allows operators to focus on the big picture of their business, not on working in the day-to-day operations of the business. The property offers 21,000+/- SF under air with 30 PLUS rooms and bathrooms including common bathrooms, large dining areas, an activity room, a salon, a commercial kitchen, staff break rooms, offices, and a nurses station. This ALF also provides ample common spaces and outdoor areas for the residents to enjoy. The property sits on a large acreage that offers ample parking and green space. The Commercial zoning allows for more beds to be added at this location which would maximize the full potential of this business. Real Estate and business are included in the asking price. Before closing, the buyer is to verify all permits, approvals, regulations, allowed use, parking, financials, market rental rates, expenses, zoning, licenses, building square footage, expansion possibilities, number of licensed beds, FF&E valuation, and all other factors about using these parcel(s) and building(s) for the buyer’s intended use. This ALF can also be purchased with a sister community which is licensed for 50+/- Beds and within a 1-hour drive. The package of both facilities would offer a total of over 110 Beds.

ID#0090168   Approximate Beds/Units:  40    Location:   Hollywood

Another firm is pleased to introduce a 10,530 SF Assisted Living Facility near Hollywood, Florida. This facility boasts 40 beds and presents a promising investment opportunity in a market with scarce inventory. With a total building size of 10,530 square feet and a generous lot size of 24,385 square feet, this property offers ample space for residents’ comfort and convenience. The sale includes the real estate, the business, business-related licenses, and inventory. The full staff will remain in place after the closing, ensuring a smooth transition for the new owners.

ID#0090171   Approximate Beds/Units:  43     Location:  Lake Worth

Another firm is pleased to introduce this listing for 2 buildings for Assisted Living/Memory Care with a total of 43 beds. The buildings are very close to one another and easy to operate with only one administrator for both buildings. The owner is a real estate developer and does not manage the daily operation of the ALF. He has a full-time manager and staff that run the facility. Building 1: The first building has been in operation since 2014, and is fully licensed operating 85% occupancy with staff and admin. It has a strong reputation within the community and has established itself as a reliable assisted living/memory care facility. The building is well-maintained and has undergone renovations in 2020-2021. Building 2: This is a newly constructed turnkey building that is currently in the licensing process. The interior of the building features a modern design with an upscale and luxurious feel. It is fully furnished and ready to operate once the licensing is complete. The owner can use the same team to operate this one as well and get this building filled up and unlock its full potential. The current NOI on open building is $350K, pro forma $400K NOI. Both building pro forma NOI $880K. There is Conventional bank and seller financing available. Local municipality laws do not allow for additional facilities of this size category to be built indicating limited competition. There are fire sprinklers, a fire alarm, a generator, an underground propane gas tank, and a commercial kitchen. The property is well-maintained and has a beautifully decorated yard and interior. The occupied building was renovated in 2020 and in 2021 the new building fully was furnished and ready to go.

ID#0090159   Approximate Beds/Units:  26    Location:  Clearwater

Another firm is pleased to introduce a 6,618 SF Health Care Building with 26 beds. This is a perfect location for your ALF business. This was a pretty busy place until Covid came along in 2020 and the owner was having trouble staffing with all of the issues going on. So they decided to move the patients to another facility as they did not have enough staff for both locations. This is a 26-bed facility (with a license) and room to add 13 more per owner. This place has a great feel to it and the patients loved it. Very unique location and something you just need to see. This is a great value for the right person. Bring this one back to its previous glory and reap the rewards of taking care of some wonderful residents and running an awesome and profitable business. The property size is just under 1.50 acres and is in a great location near Clearwater. No residents at this location now, but it is ready for you to come in and put your personal touches on this great building and location.

ID#090178   Approximate Beds/Units:  120+     Location:  Miami

Another firm is pleased to present a 120+ bed licensed Assisted Living Facility located in Miami. The physical property consists of 34,232 SF of useable space with a total of 120+ licensed Assisted Living beds. The property has been fully renovated and is in excellent condition. There is no major deferred maintenance. There are two brand new 100kw generators that power the entire facility, all new impact windows and doors, new kitchen equipment, and a new walk-in freezer. The facility is 74.6% occupied. The pro forma NOI: is $1,574,440 and the pro forma CAP Rate: is 10.67%.

ID#0090177   Approximate Beds/Units:  110     Location:   Hollywood

Another firm is pleased to introduce a 28,798 SF Assisted Living Facility with 110 beds offered at $12,900,000 at an 8.68% Cap Rate in Hollywood, FL. This is a turn-key fully licensed ALF in the South Broward area. Real property & business are included in the price. There is over $1mil net income.

ID#0090175   Approximate Beds/Units: 135     Location:  Sanford

Another firm is pleased to introduce a 38,481 SF Health Care Building with 135 beds offered at $10,900,000 at a 10.20% Cap Rate in Sanford, FL. The facility is fully licensed and operational. The staff will remain after closing. The sale includes real estate, business, and license.

ID#0090174   Approximate Beds/Units:  90     Location:  Sumter County

Another firm is pleased to introduce a rare opportunity to purchase an existing 90 PLUS/MINUS bed Assisted Living & Memory Care Facility. The facility is in a great location near other major hospitals. The existing ownership has kept the property in excellent condition. This is a great opportunity for an experienced ALF or an ALF management company to enter the Center Florida Senior Living Market.

ID#0090172   Approximate Beds/Units:  40/60     Location:  Pensacola 

Another firm is pleased to introduce an Assisted Living Facility with 42 rooms/suites. It is “Class A” in design, construction, and finish. This facility reached 40 residents within 3 months of opening. It was expanded to increase its capacity to 60 residents. The property has excess land that could easily accommodate additions to the facility. The entire facility was completely remodeled before opening. This remodel included a new roof, tile, kitchen, and bathroom faucets/showers. The kitchen has been completely remodeled to include stainless steel tables and appliances. Additional updates to the facility decor and common area furniture have been made in 2022.

ID#0090165   Approximate Beds/Units:  35     Location:  Ft. Lauderdale

Another firm is pleased to introduce a 5,477 SF Assisted Living Facility with 35 beds at an 11.69% Cap Rate in Fort Lauderdale. This facility is 100% occupied with a waitlist. The physical property consists of two buildings with a total of 5,507 SF and is well situated on a large 15,565 SF lot. The property has 16 rooms with a total of 35 beds. The facility is fully licensed and operating and is currently 100% occupied with 35 residents and a waiting list. The experienced staff will remain after closing. The facility is scheduled to generate over $1.2mil in gross revenue in 2022 and net $526,193 a year. This income provides a strong 11.7% capitalization rate at a full asking price. This is an excellent investment opportunity in a market with very limited inventory.

ID#0090160  Approximate Beds/Units:  71     Location:  Central South

Another firm is pleased to introduce a fantastic opportunity to own a 71-bed ALF in Central South Florida. The facility has Three buildings soon to be licensed for 71 beds. (37-38 bedrooms) on a 1.1-/+ acre parcel and has 47,916-/+ SF. The property includes one two-story building with an apartment on the 2nd floor and storage on the 1st floor. There is room to expand the existing structures. The property has been completely renovated in and out. It is a must-see property. For over 20 years it was licensed with Standard & LMH licenses and serviced the LMH and subsidized residents. The facility includes an office, laundry room, nurses’ station, dining room, commercial kitchen, etc. The asking price is $2,490,000 cannot beat this low price of $34,109 per bed. The property is located in the quaint & charming Downtown Historic District with stores, shops, trees, and benches. The current owner still performing some work. Once the facility begins to admit residents with an occupancy level of 20%-30%, the price will go up. Take advantage now and buy it for the lowest price!

ID#0090158   Approximate Beds/Units:  12-22     Location:   Dover

Another firm is pleased to introduce a 5,132 SF Health Care Building. The previous 12 beds are being renovated to 22 beds. According to caring.com “Top 10 Assisted Living Facilities in Dover, This is #1”. This could be a gold mine opportunity to not only have a profitable ALF but to also include memory care which could increase the bottom line significantly. This 12-bed Assisted Living Facility is being expanded to 22 beds in the existing building which will also significantly increase the bottom line. The property is situated on 4.4 acres of park-like grounds in Dover, (Hillsborough County) Florida where residents find their home away from home in a home-like atmosphere. This Dover ALF is convenient for doctors and hospitals. This ALF has a new fire sprinkler system and a newly upgraded air conditioner from 3.5 tons to 5 tons. “BONUS”: There is a separate 2 bedroom, 1 bath 800 sq. ft. house with a new roof in front of the ALF for the owners to live in or it could be a rental for extra income. Additional “BONUS”: There is also a separate 200 sq. ft. unit with a full bathroom currently rented. Both bonuses are not attached or part of the ALF facility.