Congregate Care Facility Development Project - 30% Complete

This listing is for a Congregate Care Facility Development project located in Tampa, Florida, which is 30% complete. The project involves two buildings and is designed to accommodate 87 beds. Key advantages include having all necessary permits secured and the availability of the original contractor to resume and finish construction within an estimated 10 months. Furthermore, the facility license has already received pre-approval from the Health Department. The asking price for this development opportunity is $3,000,000, noted as being below current market value. Projected financial returns are strong, with an anticipated CAP Rate of 24-28% and monthly revenue per bed estimated between $3000 and $7000. This opportunity is suitable for investors looking for an equity partner or a direct acquisition of a nearly completed healthcare development.