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$670,000
Est. payment /mo
3,465 SqFt
UPDATED:
11/05/2024 06:12 PM
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,465 sqft
Price per Sqft $193
MLS Listing ID O6211409
HOA Y/N No
Originating Board Stellar MLS
Year Built 1958
Annual Tax Amount $4,601
Lot Size 8,712 Sqft
Acres 0.2
Property Description
My ALF Consultant is offering exclusively for sale, 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 and 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 7 parking spaces. The owner has an estimate for approximately $5900. 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 must 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.
This property is approved for a room and boarding house for up to 19 residents and 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 7 parking spaces. The owner has an estimate for approximately $5900. 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 must 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.
Location
State FL
County Lake
Zoning C-3
Interior
Cooling Central Air
Appliance Dishwasher, Dryer, Microwave, Refrigerator, Washer
Exterior
Roof Type Shingle
Building
Foundation Block
Lot Size Range 0 to less than 1/4
Water Public
Structure Type Block
New Construction false
Others
Ownership Other
Special Listing Condition None
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© 2024 My Florida Regional MLS DBA Stellar MLS. All Rights Reserved.
Listed by KELLER WILLIAMS REALTY AT THE PARKS
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Milton Knight, CRS
Principal Real Estate Broker | License ID: 0663675
Principal Real Estate Broker License ID: 0663675