He bought the home for $4.1 million in 2003 and spent about $10 million in renovations to the property's gym, racquetball courts, and disco room with stripper poles.

Read: 50 Cent Rapper shares another controversial photo with stacks of cash

But now, all those extravagant additions will be stripped away and the estate will be turned into an assisted living facility for the elderly TMZ reports.

The buyer is said to be planning to convert the gigantic space into a luxurious retirement home, and as long as the town approves, plans should go ahead.

50 cent filed bankruptcy last June days after a New York jury awarded fellow rapper Rick Ross' baby mama, Lastonia Leviston, $7 million in a legal battle over her leaked sex tape.

The Empire actor was recently in a social media brouhaha with his son Marquise Jackson and his ex Shaniqua Tompkins after he trolled his son on Instagram.