Business Opportunity – 4491 SW 8th St, Coral Gables, FL 33134, USA-001-11-30T00:00:00-05:00
Price includes real estate. Manager in place for 2 years, with revenue and profits growing steadily over that period. Operates 53 of its 55 licensed beds. Primarily serves adults with limited mental health needs. The facility underwent extensive renovations

4491 SW 8th St, Coral Gables, FL 33134, USA

$3,700,000 USD
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Address4491 SW 8TH ST, Coral Gables
Type of PropertyFree Standing, Other Building Type
Type of BusinessSenior Housing
Business LocationCity Location
Property StyleBusiness
Price$3,700,000
Previous Price0 (16 days ago)
Property StatusActive
MLS NumberA10117724
Lot Size13710
Year Built1957
Parking Space Number3
Folio Number01-41-05-047-0430
Net Operating Income$258,242
Zoning InformationC-1
Days on Market54

Detailed Description: Price includes real estate. Manager in place for 2 years, with revenue and profits growing steadily over that period. Operates 53 of its 55 licensed beds. Primarily serves adults with limited mental health needs. The facility underwent extensive renovations between 2008-2010. On the edge of the affluent Coral Gables neighborhood, it is situated on a large corner lot on the well-known Calle Ocho, which has experienced significant commercial development and tourism growth in recent years.

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Address Information
StateFL
CityCoral Gables
CountyMiami-Dade County
Zip Code33134
Address4491 SW 8TH ST
Business LocationCity Location
Section5
Subdivision Number47
Zip Code (4 Digits)2563
Google Location Info4491 SW 8th St, Coral Gables, FL 33134, USA
Financial Information
Price$3,700,000
Folio Number01-41-05-047-0430
Net Operating Income$258,242
Tax Amount$20,811
Tax Year2015
Full Descriptions
Detailed DescriptionPrice includes real estate. Manager in place for 2 years, with revenue and profits growing steadily over that period. Operates 53 of its 55 licensed beds. Primarily serves adults with limited mental health needs. The facility underwent extensive renovations between 2008-2010. On the edge of the affluent Coral Gables neighborhood, it is situated on a large corner lot on the well-known Calle Ocho, which has experienced significant commercial development and tourism growth in recent years.
How to ReachI-195 W to FL-836 W to Miami. Take NW 42nd Ave S exit. Take NW 42nd Ave S exit Le June Rd, go to 8th Tamiami, Merge onto NW 42nd Ave / LeJeune Rd Turn right onto SW 5th Terr, take the 3rd exit onto SW 43rd Av, Turn right onto SW 8th St / Tamiami Trail
Occupancy InformationCall Listing Agent
RemarksAnnualized revenue of $705K and EBITDA of $258K. Occupancy 100%. Numerous growth opportunities detailed in confidential memorandum.
Property parameters
Lot Size13710
Zoning InformationC-1
Year Built1957
Type of PropertyFree Standing, Other Building Type
Type of BusinessSenior Housing
StyleBusiness
Street DirectionFlorida
Parking Space Number3
Listed withWorldwide Properties