21 bed Doreens (3217 Broadway, West Palm Beach, 33407) $18,000 monthly incomeI have 2 Assisted Living Facilities for Sale. Buy both and lets make a deal The average monthly income per resident is $950. This can be raised significantly (doubled) when "divergence" residents are attained. Divergence are individuals over the age of 65. Government pays about $1000 more per "divergence" person. The average operational cost is about 80%, debt service included. Without debt service operational cost about 60% of current income. Current cash flow is about $4,000 per month for each facility.
Off market
Zestimate®
$1,015,800
3217 Broadway, West Palm Beach, FL 33407
--beds
15baths
3,500sqft
SingleFamily
Built in 1964
-- sqft lot
$1,015,800 Zestimate®
$290/sqft
$2,597 Estimated rent
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Estimated market value
$1,015,800