639 MICHIGAN BLVD #1500, DUNEDIN, FL, 34698
$2,200,000
Business Opportunity
|
Living Area
2,336 Sqft
|
Lot Size
2,566 Sqft
|
Amazing opportunity to own a licensed 8-bed Assisted Living Facility (ALF) in the heart of Dunedin, with a variance approved for up to 14 beds. This newly updated facility is being positioned as an APD (Agency for Persons with Disabilities) group home or day school model, offering low overhead and strong income potential.
The property features 6 private bedrooms, each with its own full bathroom, a fully remodeled kitchen, updated flooring, accessible bathrooms, and ample on-site parking. The building meets current county codes and ALF/APD standards.
Projected income is approximately $6,000 per bed/month. Patients are eligible for a $700/month food allowance, and the county provides transportation for residents to attend school (until 5pm on weekdays and 2pm on weekends), minimizing staffing needs. Staffing is only required between approximately 7am–7pm.
Seller financing available with favorable terms. Sale is contingent upon seller stabilizing occupancy with 8 residents and providing financials upon stabilization.
Minutes from downtown Dunedin and Honeymoon Island Beach.
Perfect for investors or operators seeking a turnkey income-producing facility in one of Dunedin’s most desirable areas.
Property Details
| Property Features | Property Features | |||
|---|---|---|---|---|
| MLS ID: | MFRTB8415473 | Year Built: | 1956 | |
| Accessibility Features: | Accessible Bedroom, Accessible Full Bath, Accessible Kitchen, Accessible Central Living Area | Appliances: | Dishwasher, Microwave, Refrigerator | |
| Business Type: | Assisted Living | Construction Materials: | Block | |
| Cooling: | Central Air | Country: | US | |
| County Or Parish: | Pinellas | Flooring: | Laminate, Luxury Vinyl | |
| Foundation Details: | Slab | Heating: | Central | |
| Listing Agreement: | Exclusive Right To Sell | Listing Terms: | Cash, Conventional, FHA, Other, Owner Financing, VA Loan | |
| Property Sub Type: | Mixed Use | Property Type: | Business Opportunity | |
| Road Frontage Type: | Access Road, City Street, Other | Road Surface Type: | Asphalt | |
| Security Features: | Fire Alarm, Fire Sprinkler System, Smoke Detector(s) | Sewer: | Public Sewer | |
| Showing Requirements: | Appointment Only, Call Listing Agent | Special Listing Conditions: | None | |
| Standard Status: | Active | State Or Province: | FL | |
| Utilities: | Public | Water Source: | Public | |
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