50 Cent Connecticut Mansion SOLD!!!! Becoming Old Folks Home

3/2/2016 11:29 AM PST

50 Cent: Connecticut Mansion SOLD!!!! Becoming Old Folks Home


50 Cent's massive estate in Farmington, Connecticut has finally found a buyer and they're planning on turning the sprawling 52-room home into an assisted living facility.

TMZ has learned the home sold for $8 million ... $10.5 million less than 50's original listing price almost a decade ago.

50 first put the 21-bedroom, 25-bath estate on the market in 2007 for $18.5 million. The price was reduced several more times in the following years.

The 50k square foot home had been a huge financial burden for the bankrupt 50, costing around $70k per month to maintain since there's also 9 kitchens, an outdoor infinity pool and grotto, indoor pool, helicopter pad, casino, nightclub, basketball courts and pond.

It's resort-like amenities sound like a perfect fit for the buyer who is modifying zoning so it can be converted into the old folks home pending the town's approval. 

Still ... he should feel good about helping out old folks.