My ALF Consultant exclusively offers a sale of this 11+/- bed fully licensed residential assisted living for sale in Pinellas County, FL. The sale includes an active business, furniture/fixtures, and real estate.
This is a great opportunity to purchase a fully licensed and operating 11-plus bed Assisted Living in a great market. Alternatively, this property could be perfect for many other congregate living alternative uses. The facility has all life safety systems in place including, Sprinklers, Fire Alarm, and an Emergency Generator.
The property can be delivered vacant with an active ALF license at closing. This property may qualify for other congregate uses, depending on the buyer’s needs, the buyer can check with the local authorities for other possible uses including, foster home, daycare, halfway house, independent living, memory care, APD Group Home, Etc.
The property is marketed at a near real estate value which is based on the comparable real estate sales around the area. This is a great value add opportunity that includes real estate, all the furniture, fixtures, and equipment, an active license, and an active business with residents.
Improvements to the property made under the current ownership:
Main floor A/C replaced in 2021, second floor A/C compressor replaced in 2021, Kitchen remodeled, 4 bathrooms remodeled, replaced all water pipes in the facility from copper to PVC, Changed bathtubs to walk-in showers, replace main floor floorings from vinyl to ceramic tiles, new stove 2023, new gas dryer 2024, washer 2020, changed from septic tank to city sewers 2019, replaced balcony 2019, install fixed natural gas generator 2019, extended natural gas supply to property 2019, added attic insulation in 2023, tankless gas hot water tank 2019.
Seller financing is available for a qualified buyer.
Real Estate and business are included in the asking price.
An actual number of beds, property info, address, financials, proformas, photos, and other relevant information are to be disclosed after the NDA is signed.
Prior to sending an offer, the buyer is to verify all permits, approvals, regulations, allowed use, parking, financials, market rental rates, expenses, zoning, licenses, building square footage, expansion possibilities, capacity increase, number of licensed beds, proformas, FF&E valuation, and all other factors pertaining to using these parcel(s) and building(s) for the buyer’s intended use. Buyer(s) to independently verify all financials, pro-forma figures, and add-back validity with their financials advisor/CPA.
Investment Highlights
- 12 Beds Licensed and Operational, high visibility near the W. Coast Beaches
- Fully equipped and licensed facility with Sprinkler, Fire Alarm System, and backup Generator already installed
- The current ownership has made many improvements to the property Included But not limited to connecting the property city sewer, new A/C, plumbing, flooring, tankless water heater, bathrooms, etc.
- Possible Seller Financing available
- #Residential Assisted Living for Sale
