13 Bed Assisted Living Facility for Sale

Special Purpose for Sale
Catylist Listing ID: 30716661
Property Subtypes: Senior Housing
Building Size (RSF): 2,949 SF
Gross Building Area: 3,024 SF
Gross Land Area: 8,159 SF
Sale Price: $975,000
Property Use Type: Investment, Business
Usable Size (USF): 2,949 SF
Sale Terms: Cash to Seller
Cap Rate: 16.0%
Last Updated: 4/18/2021

Overview / Comments

- Established ALF
- Completely turn-key
- 10 minutes to hospital
- Centrally located in Pinellas County
- Stabilized income

Financials

Finance Data Year 2020
Real Estate Taxes - Annual($) $5,415 (Annual)
Tax Value Land $115,954
Tax Value Improvements $158,019
Assessed Value - Total($) $273,973 (Annual)
Potential Rental Income $436,800 (Annual)
Gross Operating Income $379,704 (Annual)
Net Operating Income $165,104 (Annual)
Actual or Proforma Year Proforma

Additional Details

Nearest MSA: Tampa-St. Petersburg-Clearwater
County: Pinellas
Tax ID/APN: 15 29 13 22824 005 0050
Zoning: LMDR
Property Located Between: Between Belcher Rd & S Keene Rd; between Druid Rd & Nursery Rd
Largest Nearby Street: Gulf to Bay Blvd (SR 60)
Feet of Frontage: 80
Site Description: Within the Druid Park subdivision in Clearwater.
Area Description: Quiet suburban neighborhood.
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 2,949 SF
Property Condition: Average
Year Built: 1978
Year Renovated: 1997
Roof Type: Hip
Construction/Siding: Block, Concrete, Stucco, Wood Frame
Parking Ratio: 1.3 (per 1000 SF)
Parking Type: Surface
Parking Description: Expanded driveway
Sprinklers: Wet
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Window Unit, Other
Internet Access: Cable
Interior Description: 8 bedroom facility licensed for 13 residents.
Zoning Description: Low Medium Density Residential
Lot Frontage: 80
Lot Depth: 102
Water Service: Municipal
Sewer Type: Municipal
Legal Description: DRUID PARK BLK 5, LOT 5

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 17,129 145,930 270,095
Median Age: 41.91 42.68 45.94
Households: 7,470 64,433 123,081

Contact

Photograph of Listing Agent

Michael Monteclaro

KLEIN & HEUCHAN, INC CE-FL Member
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