Description of 10637 LITHIA PINECREST ROAD, LITHIA, FL 33547
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.
Directions to 10637 LITHIA PINECREST ROAD, LITHIA, FL 33547
E on Hwy 60 S on Hwy 39 to E on Keysville Rd to Lithia Pinecrest Road, left to address.
Features of 10637 LITHIA PINECREST ROAD, LITHIA, FL 33547
- Lot acreage is: 4.89
- Lot on state road
- Lot zoned: AR
- Total square feet: 4468.00
- Units in building(s): 1
- Pets allowed
- Tax year: 2017
Mortgage Payments for 10637 LITHIA PINECREST ROAD, LITHIA, FL 33547
The approximate monthly Principal & Interest payment for this property would be $6,096. This payment is based on a 30-year loan at a fixed rate of 4.94 % with a down payment of $114,500. Actual lender interest rates and loan programs may vary.
Use our Mortgage Payment Calculator to determine a more exact payment estimate.