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905 Virginia Ave - Fairway Chalet 4,126 SF Health Care Building Offered at $1,700,000 at a 20.15% Cap Rate in Tarpon Springs, FL 34689
Investment Highlights
- 14 beds Assisted Living Facility.
- Near shopping centers.
- Beautiful landscaped grounds.
- Close to Advent Health Hospital.
- Stabilized income.
Executive Summary
Stabilized income from long term resident tenants. Well established in senior living care within community for over 20-years. Fully operational business. Please do not disturb tenants. Showings by appointment only.
14 beds.
14 beds.
Financial Summary (Pro Forma - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts Under Contract
| Price | $1,700,000 | Building Class | C |
| Price Per Bed | $121,429 | Lot Size | 0.30 AC |
| Sale Type | Investment | Building Size | 4,126 SF |
| Cap Rate | 20.15% | No. Beds | 14 |
| Gross Rent Multiplier | 3.56 | No. Stories | 2 |
| Property Type | Health Care | Year Built | 1976 |
| Property Subtype | Assisted Living | Parking Ratio | 1.21/1,000 SF |
| Zoning | R-70 - The R-70 one and two family residential district is established to provide for a mixture of one and two family dwellings at a medium density... | ||
| Price | $1,700,000 |
| Price Per Bed | $121,429 |
| Sale Type | Investment |
| Cap Rate | 20.15% |
| Gross Rent Multiplier | 3.56 |
| Property Type | Health Care |
| Property Subtype | Assisted Living |
| Building Class | C |
| Lot Size | 0.30 AC |
| Building Size | 4,126 SF |
| No. Beds | 14 |
| No. Stories | 2 |
| Year Built | 1976 |
| Parking Ratio | 1.21/1,000 SF |
| Zoning | R-70 - The R-70 one and two family residential district is established to provide for a mixture of one and two family dwellings at a medium density... |
Amenities
- Smoke Detector
Room Mix Information
| Description | No. Beds |
|---|---|
| - | 14 |
1 1
Property Taxes
| Parcel Number | 13-27-15-64188-009-0040 | Total Assessment | $450,000 |
| Land Assessment | $132,339 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $317,661 | Tax Year | 2025 |
Property Taxes
Parcel Number
13-27-15-64188-009-0040
Land Assessment
$132,339
Improvements Assessment
$317,661
Total Assessment
$450,000
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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905 Virginia Ave - Fairway Chalet
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