East Emily Street Tampa FL 33603
Updated: May 20
Just Reduced! REDUCED FOR QUICK SALE!
IT'S BACK! MASSIVE PRICE CUT!! TAMPA FL: NEW ALF FOR 87 BEDS - 37 ALREADY BUILT, ANOTHER 50 APPROVED !
UNBELIEVABLE AND FINAL PRICE!!
EAST EMILY STREET, TAMPA, FL 33603
PURCHASE PRICE NOW - $3.1 + 3% FIRM
ORIGINAL PRICE: WAS - $16.0M + 4%
UNBELIEVABLE, MASSIVE AND FINAL PRICE REDUCTION FOR A QUICK CLOSE ! IT'S BACK ! BUYER COULDN'T PERFORM! SELLER IS IN A CONTRACT TO CLOSE ON A 1,000 ACRES PROPERTY IN CANADA. MUST CLOSE QUICKLY ON THIS ASSET ....SELLER'S LOSS IS YOUR GAIN!
THIS IS AN 87 BED ASSISTED LIVING FACILITY WHEN COMPLETED, WITH BOTH EXISTING BUILDINGS FOR 37 BEDS & STATE APPROVAL & DESIGN FOR AN ADDITIONAL 50 BEDS BUYER TO CLOSE ON THE TRANSACTION IN 15 CALENDAR DAYS OR LESS. ASSET IS MASSIVELY REDUCED ....TO LESS THAN ONE FOURTH OF THE ORIGINAL PRICE FOR A QUICK SALE !
ALL OF THE FORMAL DUE DILIGENCE INFORMATION & DOCUMENTATION IS PROVIDED. NEW UPDATES MAY BE AVAILABLE.
ASSISTED LIVING FACILITIES FOR SALE ARE HARD TO FIND, FINDING TOTALLY OFF THE MARKET ASSISTED LIVING FACILITIES ARE EVEN HARDER TO FIND.
The facility is licensed by the State of Florida for the existing 37 beds plus the remaining 50 beds that need to have construction completed
The name of the facility is Begdouri Homes of Emily, LLC. And is located in Tampa Heights
Located in Hillsborough County, the seller of this new construction has provided many pictures, renderings and plans
The total facility is approximately 75-80% complete. Once complete the new buyer to be responsible for the Certificate of Occupancy (C.O)
The buyer will also be responsible for the initial state inspections and all other inspections that the State of Florida conducts
There are two buildings on the property with an approximate total square footage of 17,000....the lot size is approximately one acre The two building breakdown as shown in the picture below: the front one story building is designed for 16 beds which will need an extension Which is approved and designed for 50 additional beds...the existing two story building is designed for 21 beds, totaling 87 beds All of the zoning is approved.......property is designed for 87 beds, one cafeteria, six activity rooms, 51 rooms 70% double bedrooms & 30% single bedrooms
Seller has provided a Proforma of Income and Expenses & a loaded Dropbox below showing the buyer that this is a grand opportunity THIS IS TOTALLY OFF THE MARKET MUST STAY OFF MARKET, PLEASE DO NOT LET THIS GO VIRAL
PER THE SELLER: Financial Proforma for operating ALF Total Operation expenses per month: $58,000 Income per month: $3,000/bed Min Average bed price ( private, semi-private , room size, view) Total Monthly income: $261,000 _________________________ Profit: Net income $203,000 monthly Yearly NOI: $2.3 - $2,436,000 _________________________ Est Construction Costs: $750K-$1.5M Purchase Price: $16M Plus 4% (original) Est Closing Costs: $500K Est Total Costs:$18M Min Approx 1st Year Cap rate: 13.3% 5-7 Year Exit Disposition: $40,600,000 6% cap Approximate profit: $22,600,000
THIS ASSET IS DELIVERABLE WHILE IT IS AVAILABLE THIS IS A PRE-DUE DILIGENCE AND NOT A FORMAL DUE DILIGENCE PACKAGE. ONCE THE BUYER AND THE SELLER EXECUTE THE PURCHASE AND SALE AGREEMENT AND THE BUYER OPENS THE CONTRACTED ESCROW TRUST ACCOUNT WITH THEIR EARNEST MONEY DEPOSIT, THE SELLER WILL PROVIDE THE BUYER WITH THE P&Ls, VENDOR CONTRACTS AND ANY AND ALL FORMAL DUE DILIGENCE INFORMATION AND DOCUMENTATION AVAILABLE TO BE ABLE TO CLOSE ESCROW. Buyers are advised to do their own independent due diligence and research before commuting with the purchase FOR FINANCING OPTIONS PLEASE Email NOTE: - Price is firm and not negotiable. PLEASE, NO TRANSACTIONAL FUNDING. REQUIRED TO MAKE AN OFFER: 1. SIGNED NDA 2. LETTER OF INTENT 3. POF (BANK OR FUND STATEMENT)....NO EXCEPTIONS!