$1,500,000

660 3rd Avenue S

ST PETERSBURG FL, 33701

Description

Cash flowing Assisted Living Facility in the heart of downtown! Huge opportunity to purchase this fully occupied assisted living facility in one ofthe best areas of downtown St Pete. Netting over $115,000 annually, with room for growth in the next year, this property offers a 7.7% caprate! In fantastic condition, little maintenance is needed. Currently 14 bedrooms, each with their own private bath. As per owner, the facility has the possibility of being increased to over 18 residents as some of the bedrooms are big enough for double occupancy; would just require an application to the state and an approval for the increase.

Details

MLS#W7826916
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1940
Days On Site28

Features

SQ Feet7,190
Acreage0.11
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Area Information
StateFL
CountyPinellas
CityST PETERSBURG
Zip Code33701
Area33701 - St Pete
Listing VS Median (in 33701)
Price:
$1,500,000
low | high
Med:
$500,000
100% of Average
SqFt:
7,190
low | high
Med:
1,276
100% of Average
$ / SqFt:
$209
low | high
Med:
$392
37.826541274817% of Average
On Site:
28
low | high
Med:
556
5.035971223022% of Average
Listing Updated: 10/02/2020
ALEXIS Selby LogoMLS Number: W7826916
Listing Provided By:
ALEXIS Selby  of  INVESTMENT FLORIDA REALTY LLC

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