For Sale
$1,240,000

14108 Old Dixie HwyHudson, FL 34667

9-Unit ALF, High Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
111
Exceptional investment opportunity in Hudson, Florida, presents a turnkey 9-unit assisted living facility boasting 17 beds and 4,000 square feet of living space. Situated on a 0.51-acre lot, this well-established community generates a substantial gross monthly income of $33,895 from its current 16 residents. Built in 1970, the single-story building offers convenient freeway access for visiting family and friends. The asking price of $1,240,000 includes the real estate ($890,000), the business ($350,000), and furniture, fixtures, and equipment ($70,000). The property enjoys a strong 11.02% cap rate and a net operating income (NOI) of $136,700. The current owner's involvement is limited to payroll and some front office tasks, with an on-site manager handling the day-to-day operations. This presents a compelling opportunity for an investor seeking a stable, high-performing asset in a desirable location. The property is located at 14108 Old Dixie Hwy, Hudson, FL 34667.

Highlights

  • $1,240,000 asking price for a 9-unit, 17-bed senior living facility.
  • 11.02% cap rate with a $136,700 NOI.
  • 4,000 square feet on a 0.51-acre lot in Hudson, Florida.
  • Built in 1970, single-story building.
  • Currently generates $33,895 in gross monthly income.

Property Details for 14108 Old Dixie Hwy

Property type
Retirement homes
Square Feet
4,000 SF
Year Built
1970
Buildings
1
Stories
1
Lot Size (sq. ft)
22,216 SF
Units
9

Location Insight

City
Hudson
County
Pasco
State
Florida
Latitude
28.362262382321
Longitude
-82.698989621848
14108 Old Dixie Hwy, Hudson, Florida

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14108 Old Dixie Hwy
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