$1,145,000
0
Beds
0
½ Baths
4,468
Sq Ft
1974
Built

10637 Lithia Pinecrest Road
Lithia, FL 33547

Hillsborough, FL County
Commercial For Sale
Pending - a year online
Call About This Listing

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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Recent Activity
3 weeks agoListing updated with changes from the MLS
a year agoStatus changed to Pending
a year agoStatus changed to Active
a year agoListing first seen online
Listing Snapshot
Price
$1,145,000
Days Online
468 Days
Bedrooms
N/A
Bathrooms
N/A
Half Bathrooms
N/A
Inside Area (SqFt)
4,468 sqft
Lot Size
4.89 Acres
Year Built
1974
MLS Number
A4215674
Property Tax
$7,535
HOA Fees
N/A
Sq Ft Source
Public Records
Exterior Features
Waterfront
No
Community Features
Pets
Yes
Schools
School District
Unknown
Elementary School
Unknown
Middle School
Unknown
High School
Unknown
This listing courtesy of GLOBAL NETWORK REALTY & ASSOC.

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Listing data comes from My Florida Regional MLS DBA Stellar MLS.
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