14108 Old Dixie HwyHudson, FL 34667

Property Details for 14108 Old Dixie Hwy

Year built

1970

Lot size

0.51 AC

Property size (Sq ft)

3,022 SF

Zone code

00R2

Property type

Investment properties

Property subtype

Live-work space

APN

27-24-16-0110-01200-0041

APU

2724160110012000041

Description

This exceptional investment opportunity presents a fully operational, 17-bed assisted living facility in Hudson, Florida. Located on a 0.51-acre lot at 14108 Old Dixie Highway, this 4,000 square foot property boasts nine rooms and currently houses 16 residents, generating a gross monthly income of $39,015. The asking price of $1,240,000 includes the real estate ($890,000), the established business ($350,000), and all furniture, fixtures, and equipment ($70,000). Conveniently situated minutes from the freeway, ensuring easy access for residents' families. The current ownership model involves semi-absentee management, with the owner handling payroll and some administrative tasks, while an on-site manager oversees daily operations. This well-established assisted living community offers a strong return on investment and a turnkey operation for a new owner. The property is easily accessible from US 19, traveling west onto Hudson Avenue, then south onto Old Dixie Highway. This is a rare opportunity to acquire a profitable and established business in a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $626,749

  6.5%

  $578,537

  7%

  $537,213

• Comparable approach

  Method

  Valuation

  Relative Method

  $333,266

  Geo Method

  $333,266

• Alternative Use

  Use

  Valuation

  Residential

  $717,386

  Hospitality

  $657,122

  Educational

  $546,718

  Medical

  $565,520

  Retail

  $850,450

Location Insight

City

Hudson

County

Pasco

State

Florida

Latitude

28.3622

Longitude

-82.6986

CBSA code

45300

CBSA name

TAMPA-ST. PETERSBURG-CLEARWATER, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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