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.
Information on this website is being provided 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.
The data relating to real estate for sale on this web site is sourced from
the MLS (MFRMLS).
Real estate listings held by brokerage firms other than Lipply Real Estate
are marked with the Broker Reciprocity logo. All information deemed reliable
but not guaranteed. All properties are subject to prior sale, change or withdrawal.
*Data Updated 02 17 2019
MLS Office ID: 260030671
Lipply Real Estate Company
3302 Alternate 19 North, Suite A
Palm Harbor, FL 34683
Toll Free: 888-423-5775
WHAT OUR CUSTOMERS HAVE TO SAY
We are an Accredited Business with the BBB since 2006 and maintain an A+ Rating visit Better Business Bureau. "In a field that can greatly disappoint the user, Lipply Real Estate is uncommonly good at delivering on what they promise to their clients.
-Better Business Bureau
A consistent 5 star rating of high customer service. Check out our Business Page. "We had experiences with other agents during our 1-year search for a waterfront home in New Port Richey but there was no comparison in the service you provided.
We earned the 2018 Super Service Award from Angie’s List. The Award reflects consistent high levels of customer service. Check our reviews at AngiesList.com. "Truthful, honesty, punctuality and excellent knowledge of the area are some of the qualities that set them apart.