About 639 Michigan Boulevard 1500
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.
Features of 639 Michigan Boulevard 1500
| MLS® # | TB8415473 |
|---|---|
| Price | $2,200,000 |
| Square Footage | 2,336 |
| Acres | 0.06 |
| Year Built | 1956 |
| Type | Business Opportunity |
| Sub-Type | Mixed Use |
| Status | Active |
Listing Details
| Office | MCBRIDE KELLY & ASSOCIATES |
|---|
Listing Map
Neighborhood Information for 639 Michigan Boulevard 1500
Low Residential Turnover, Coastal Area, Suburb of Tampa
Statistics
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Home Listings Prices
Nearby Schools
| Great Schools | School Name | Distance | |
|---|---|---|---|
|
San Jose Elementary School Public - Preschool to 5Th Grade - Closest Elementry School |
1 Miles | |
|
Our Lady Of Lourdes Catholic - Preschool to 8Th Grade - Closest Middle School |
1 Miles | |
|
|
Dunedin High School Public - 9Th Grade to 12Th Grade - Closest High School |
1 Miles | |
|
Discovery Academy Of Science Charter School Public - Kindergarten to 12Th Grade |
1 Miles | |
|
Garrison-Jones Elementary School Public - Preschool to 5Th Grade |
1 Miles | |
|
|
Dunedin Academy Private - Preschool to 12Th Grade |
2 Miles | |
|
|
Dunedin Academy Private - to |
2 Miles |
School data provided by GreatSchools