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Browse More Listings in Senior Housing For Sale, Saint Petersburg, FL or Florida

Senior Housing Property For Sale

Old Northeast Assisted Living Facility

157 9th Ave N, Saint Petersburg, FL 33701

Price:
$689,000
No. Beds:
12
Building Size:
4,470 SF
Price/Bed:
$57,416.67
Property Type:
Senior Housing
Property Sub-type:
Assisted Living Residences
Property Use Type:
Investment
Commission Split:
2%
Cap Rate:
10%
No. Stories:
2
Year Built:
1935
Find Out More...

Last Verified 10/21/2009 Listing ID 16301539

Highlights

Licensed for 12 residents
6 rooms each with their own porch/patio and private bathroom
Huge front porch, living room and dining area for socialization

Detached owner/operator living quarter with office and garage
Comfortable, engaging, and affordable for residents
Good financial upside potential

Description

An Assisted Living Facility in the Old Northeast Neighborhood of St Petersburg, Florida. Licensed for 12 residents, this 1935 converted home has served as an ALF in the community for many years. A comfortable environment, designed for socialization as well as privacy. Located within 1-2 miles of 3 major hospitals.

In the heart of the most desirable neighborhood in St Petersburg. It is located roughly 1 mile from St Anthony's Hospital and Bay Front Hospital. Walking distance to community parks and downtown shopping.

Financial Summary

Room Mix Information

Debt & Equity Information

Proforma
Year
2009
Scheduled Gross Income
$216,000
Operating Expenses
$92,566
Net Operating Income
$69,434

Description	No. Beds
2 Beds per Room in Main House	12
Detached Owner Quarter	1

Map of 157 9th Ave N, Saint Petersburg, FL 33701 (Pinellas County)

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Presented by

RE/MAX Metro / Commercial Division

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Contact Listing Broker

Tom Buckley (727) 501-5458

Lisa A. Ulrich (727) 643-3236

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Created 7/1/2009

Additional Information for 157 9th Avenue N, Saint Petersburg, FL 33701

Active For Sale - 1 Listing
Active For Lease - 0 Listing
Previously Listed - 0 Historic Listing
Sales Comparables Available - 0 RecentSales Record

View additional information for the property view other currently active listings, previous listings, sales comparables, public records, and county records data for this address.

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The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

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Senior Housing Property For Sale - Old Northeast Assisted Living Facility

157 9th Ave N, Saint Petersburg, FL, 33701