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517 Us-27 - H2A Housing - Migrant Workers Housing 26,029 SF Health Care Building Offered at $4,178,616 CAD in Lake Placid, FL 33852
Investment Highlights
- Motel
- Highway Frontage
- Multi Family
Executive Summary
12% CAP RATE
Prime investment opportunity on highly visible Highway 27 in Lake Placid! This 29-room property is currently operating as H2A housing and offers strong income potential with the capacity to accommodate up to 130 occupants and is producing an impressive 12% cap rate under its current business model. The building features a durable metal roof ( 5 Years Old) and has been updated with new split-unit HVAC systems in every room, providing efficient and comfortable climate control throughout.
With excellent highway frontage and easy access, this property is ideal for continued workforce housing, hospitality conversion, or other income-producing uses. Its large occupancy capacity and recent upgrades make it a turnkey opportunity for investors seeking immediate cash flow in a growing area.
Prime investment opportunity on highly visible Highway 27 in Lake Placid! This 29-room property is currently operating as H2A housing and offers strong income potential with the capacity to accommodate up to 130 occupants and is producing an impressive 12% cap rate under its current business model. The building features a durable metal roof ( 5 Years Old) and has been updated with new split-unit HVAC systems in every room, providing efficient and comfortable climate control throughout.
With excellent highway frontage and easy access, this property is ideal for continued workforce housing, hospitality conversion, or other income-producing uses. Its large occupancy capacity and recent upgrades make it a turnkey opportunity for investors seeking immediate cash flow in a growing area.
Property Facts
| Price | $4,178,616 CAD | Lot Size | 1.84 AC |
| Price Per Bed | $32,143 CAD | Building Size | 26,029 SF |
| Sale Type | Investment | No. Beds | 130 |
| Property Type | Health Care | No. Stories | 1 |
| Property Subtype | Assisted Living | Year Built | 1960 |
| Building Class | C | Parking Ratio | 2.31/1,000 SF |
| Zoning | B3 | ||
| Price | $4,178,616 CAD |
| Price Per Bed | $32,143 CAD |
| Sale Type | Investment |
| Property Type | Health Care |
| Property Subtype | Assisted Living |
| Building Class | C |
| Lot Size | 1.84 AC |
| Building Size | 26,029 SF |
| No. Beds | 130 |
| No. Stories | 1 |
| Year Built | 1960 |
| Parking Ratio | 2.31/1,000 SF |
| Zoning | B3 |
Room Mix Information
| Description | No. Beds |
|---|---|
| - | 0 |
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | P-31-36-30-080-00F0-0000 | Improvements Assessment | $708,719 CAD |
| Land Assessment | $320,124 CAD | Total Assessment | $1,028,843 CAD |
Property Taxes
Parcel Number
P-31-36-30-080-00F0-0000
Land Assessment
$320,124 CAD
Improvements Assessment
$708,719 CAD
Total Assessment
$1,028,843 CAD
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517 Us-27 - H2A Housing - Migrant Workers Housing
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