639 Michigan Boulevard 1500, DUNEDIN, FL 34698
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Priced at Only: $2,200,000
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Address: 639 Michigan Boulevard 1500, DUNEDIN, FL 34698
Property Location and Similar Properties
- MLS#: TB8415473 ( Business Opportunity )
- Street Address: 639 Michigan Boulevard 1500
- Viewed: 20
- Price: $2,200,000
- Price sqft: $942
- Waterfront: No
- Year Built: 1956
- Bldg sqft: 2336
- Days On Market: 108
- Additional Information
- Geolocation: 28.0375 / -82.7826
- County: PINELLAS
- City: DUNEDIN
- Zipcode: 34698
- Subdivision: Heatherwood Place
- Provided by: MCBRIDE KELLY & ASSOCIATES
- Contact: Wallas Silva
- 813-254-0900

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DescriptionAmazing 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 7am7pm. 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 Dunedins most desirable areas.
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Building and Construction
- Covered Spaces: 0.00
- Flooring: Laminate, Luxury Vinyl
- Living Area: 2336.00
Garage and Parking
- Garage Spaces: 0.00
- Open Parking Spaces: 0.00
Eco-Communities
- Water Source: Public
Utilities
- Carport Spaces: 0.00
- Cooling: Central Air
- Heating: Central
- Road Frontage Type: Access Road, City Street, Other
- Sewer: Public Sewer
- Utilities: Public
Finance and Tax Information
- Home Owners Association Fee: 0.00
- Insurance Expense: 0.00
- Net Operating Income: 427211.00
- Other Expense: 0.00
- Tax Year: 2024
Other Features
- Accessibility Features: Accessible Bedroom, Accessible Full Bath, Accessible Kitchen, Accessible Central Living Area
- Appliances: Dishwasher, Microwave, Refrigerator
- Country: US
- Legal Description: HEATHERWOOD PLACE (UNRECORDED) PARCEL 2 & PART OF PARCEL 3 AKA ACLF TRACT ALL BEING DESC AS FROM NW COR OF SE 1/4 OF NE 1/4 OF SEC "22-28-15 TH N89D58'46""E" "302.35FT TH S00D00'26""E" "210FT TH N89D58'46""E" "22.65FT TH N00D00'26""W" "1.29FT TH N89D58'46""E" "128.93FT TH N00D00'26""W" 136.71FT FOR POB TH "N00D31'02""E 30.39FT TH" "S89D28'58""E 80.4FT TH" "S00D31'02""W 38.2FT TH" "N89D28'58""W 18FT TH" "N00D31'02""E 8.4FT TH" "S89D58'46""W 62.4FT TO" POB
- Area Major: 34698 - Dunedin
- Parcel Number: 22-28-15-38057-002-0010
- Unit Number: 1500
- Views: 20
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