2100 Mcmullen Rd Largo, FL 33771
This Largo, Florida property, located at 2100 McMullen Rd, 33771, presents a unique investment opportunity. The 2,941 square foot single-family residence, built in 1972, sits on a 0.22-acre lot and is zoned RL. Currently configured as a four-bedroom, three-bathroom home, it's ideally suited for conversion into a six-bed assisted living facility (ALF). The property boasts a ranch-style layout with a split plan, offering both open communal areas and private resident spaces. Three bedrooms include ensuite bathrooms. Recent updates include new AC systems and the home is fully wheelchair accessible. The property includes a vinyl-fenced yard and four parking spaces. The asking price is $599,000, with an occupancy date of August 1, 2024. Its proximity to Eagle Lake Park (167 acres) and major airports and beaches adds significant appeal. The property is offered fee simple and is currently below appraisal value. This is a ready-to-occupy property, perfect for either an owner-user or an investor seeking a senior living venture. The Pinellas County location provides a strong market for assisted living services. The property's existing layout and recent renovations minimize the investment needed for conversion to an ALF.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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