639 MICHIGAN BOULEVARD UNIT 1500

For sale Days on market 117

$2,200,000

$942/sq ft

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Overview

Year Built

1956

Sqft

2336

Property Type

Mixed Use

Property Description

Amazing 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 7am–7pm. 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 Dunedin’s most desirable areas.

Property Details

MLS#

TB8415473

Total Floor in Bldg

Address

639 MICHIGAN

City

DUNEDIN

State/county

Zip/Postal Code

34698

Area

Heatherwood Place

Country

United States

HOA

Yes

Assoc Fee

$--

Assoc Fee Pd

Tax Amount

$5,589

Maint Fee

$--

Tax Year

2024

Dishwasher

Microwave

Refrigerator

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