Sebastian Sozer - Coldwell Banker Ackley
10637 Lithia Pinecrest Road
LITHIA, FL 33547

$1,145,000

Description

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.

Details

MLS#A4215674
StyleIndustrial
Sub-TypeResale
StatusPending
Year1974
Days On Site172

Features

SQ Feet43,000
Story(s)1
ZoningAR

Market Activity 33547

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Area Information

StateFL
CountyHillsborough
CityLITHIA
Zip Code33547
Area33547 - Lithia
Listing VS Median (in 33547)
Price:
$1,145,000
low | high
Med:
$339,900
100% of Average
SqFt:
43,000
low | high
Med:
2,614
100% of Average
$ / SqFt:
$27
low | high
Med:
$130
100% of Average
On Site:
172
low | high
Med:
82
100% of Average
Listing Updated: 09/22/2018
MLS Number: A4215674
Listing Provided By:
Alfred DiPierro  of  GLOBAL NETWORK REALTY ASSOC.

MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS.