2850 Counts Ln
Titusville, FL 32796

Former Assisted Living Facility at the corner of Counts Lane & Old Dixie Highway in Titusville, FL. The property has no debt and rather than invest in capital improvements and renovations for the property, the owners have decided to sell it at cost to dispose of the asset quickly. There are over 19,000 assisted living service companies in the United States. Each year, the industry generates over $49 billion dollars in billable revenue. The industry also employs more than 1,000,000 people, and provides average annual payrolls of over $22 billion dollars. The assisted living industry has grown tremendously over the past fifteen years. According to the last economic census, the industry’s five year growth rate is 31.3%. This exceptional growth is attributed to the general public’s acceptance and compassion for developmentally disabled and elderly people. Large institutions that cater to the needs of the developmentally disabled are becoming less popular because of their cold nature. Developmentally disabled people and their primary caretakers are quickly adopting in-home assisted living services as an alternative to traditional institutional care. Using the resident income and Medicaid reimbursement, the overall payment to the facility that accepts ALE waiver recipient is $1,570.00. For private patients the Average rate in Titusville area is $3,000 to $3,500.00 per month At 3000$/room/month with a vacancy factor of 10% - that's over 2.85M in gross revenue per year from rent alone.