Item #103

Assisted Living Tampa, Florida REDUCED A HALF A MILLION DOLLARS.... "TO BE COMPLETED" IN TAMPA, FLORIDA (BUILDING PLANS CONVEY) ASSISTED LIVING FACILITY ZONED FOR 87 BEDS & STATE APPROVAL & DESIGN. SECOND BUILDING TO HOUSE 50 OF THE 87 BEDS MUST...

PURCHASE PRICE PER THE SELLER OF $2,500,000 PLUS THE BUYER PAID 5% REAL ESTATE COMMISSION. DEVELOPMENT SITES

ID: 5747

Paris,Illinois 61944
xxx Kenton Street, Paris
Asking Price $950k plus buyer pays 6% Commission
This can be converted into Apts if wanted.

built in 1998 as beehive memory care former assisted living facility

OFF MARKET ASSISTED LIVING FACILITY
quick close must be able to sign asap!

xxx Kenton St, Paris, IL 61944

9,700 SQFT | 24 Rooms | Zoned C4

Potential Revenue:

Assisted Living: $5,500/month per room

VA Housing: $2,500/month per room

Drug Rehab: $500/day per room

PROPERTY DETAILS:

Former Assisted Living Facility (Built in 1998 )

24 Rooms: Each with private bath, shower, and closet

Fully Equipped Kitchen: Commercial stove, hood, freezer, fridge, sinks

Laundry Room: Hookups for 3 stackable units

Additional Features:
Beauty Parlor with shower

Pantry & Office with 2-Way Mirror

Sprinkler System & Security System (Coded entry, can divide building)

Generic Generator
4 Furnaces & 4 C/A Units (All in good shape)

New Plank Flooring in 6 rooms & entry doors

Roof & Windows in good condition

Thermostats require a code reset

Zoning: C4 (Approved for Assisted Living, Drug Rehab, or Apartments)
Property Taxes: Reduced from $42K to $8.3K

Assessed Value in 7/26/2021: $1.2M / Sold for: $1.75M

The previous owner, before the current seller, purchased the property for $1.6M, which included personal property.

OFFER TERMS:

EMD: $10,000 (Non-Refundable)
Close of Escrow: 3/10/2025
Access: By Appointment Only
Occupancy: Vacant

INVESTMENT POTENTIAL

Assisted Living: Comparable to Brookestone Estates ($5,500/month per room)
VA Housing: In talks for Veterans’ Housing – 3 meals/day & medical reminders ($2,500/month per room)

Drug Rehab: Higher revenue potential ($500/day per room).
The seller may consider financing make offer they will reply accordingly!

circumvention prohibited