MLS® ID: A4215674

10637 LITHIA PINECREST ROAD

LITHIA, Florida, 33547

$1,145,000 Pending
  • 4468 SQFT
Motivated Sellers! Updated, 16 Beds MONEY MAKING ALF operated by The Same Owner for 23 Years. Reliable Annual Income Received is Approximately 25% Below Market Rent (Market Rent Increase Would Generate Over 22% Cap Rate.) This Well Established ALF Sits on 5 Commercial Acres (Can Modify Existing Building to 24 Beds.) Can Expand beyond 24 Beds (on 5 Acres Commercial Property) and Could be Perfect to Include Lucrative Memory Care Units. Seller Will Also Consider an Attractive Lease with Two Acres. In Addition, Seller Has a Fully Operating Recently Renovated, Profitable 6 Beds ALF Available(nearby) on 1 Commercial Acre for Only an Additional $325,000. A Great Opportunity to Include Lucrative Memory Care Units. Sold Separately or Package Deal. Seller is Religious and Under Charges Some of the Residents as a Way of Giving Back to the Community. If New Residents Were Charged the Going Rate, it Would Increase the Bottom Line Significantly! The Seller and Her Team Would be Willing to Stay up to a Year to Help With the Transition. The Sellers are Committed to Helping New Buyers Succeed and Will be Available to Help Throughout the Transition. The ALF's are located in Hillsborough County. According to the 2010 census, population was 1,229,226, making it the fourth most populous county in Florida. Please call or email If you are interested in further information about this golden opportunity. dimensions approximate, buyers to verify. Information deemed reliable but not guaranteed.
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Listing courtesy of GLOBAL NETWORK REALTY & ASSOC.

Amenities

  • Full baths
    0
  • Half baths
    0
  • Zip
    33547
  • Office name
    GLOBAL NETWORK REALTY & ASSOC.
  • SQFT
    4468
  • Bedrooms
    0
  • Property type
    Commercial
  • Zoning type
    AR
  • Year built
    1974
  • Lot size
    4.89
  • Waterfront
    No
  • Tax year
    2018
  • Agent name
    Alfred DiPierro
  • Tax amount
    $ 7535.0
  • Purchase Type
    Active
  • Price Range
    $1m-$1.25m
  • Square Feet Range
    4000-5000 sq ft.
  • Area
    33547 - Lithia
  • Year Built Range
    1989 (and earlier)
  • Office ID
    281521448
  • Agent ID
    276001605

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