Address
10637 LITHIA PINECREST ROAD Lithia, FL
Price
$ 1,145,000
Property Attributes
  • MLS#A4215674
  • TypePending
  • CountyHILLSBOROUGH
  • CityLithia
  • AreaLithia
  • Zip33547
  • StyleRetail
  • Year Built1974
  • Taxes7223
  • Price$ 1,145,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage4468
  • Lot Size4.89 Acres
Listing Provided Courtesy Of:
GLOBAL NETWORK REALTY & ASSOC.
Property 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.

Elementary School Middle School High School
Unknown Elementary School Unknown Middle School Unknown High School
Price History
4/6/2018 Listed $1,145,000

General Features

Business Type Assisted Living
MLS Area 33547 - Lithia
Property SubType Retail
Property Type Commercial
Total Num Buildings 1
Township 30
Zoning AR

Interior Features

Pets Allowed Y/N Yes

Exterior Features

Building Area Total 43000.00
Lot Size Acres 4.89
Lot Size Square Feet 213008
Road Frontage Type State Road

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Pets
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 33547

Price
AVG $360K
$1.15M
Taxes
AVG $4,565
$7,223
Visits
AVG 105
22
Year Built
AVG 2006
1974

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