Mobile Home Park Details

  • Purchase Method: Cash, Seller Financing
  • Cap Rate: 8.2%
  • Listing ID: 4736452
  • Posted On: Mar 14, 2024
  • Updated On: May 14, 2024

Description

This offering are two MHP’s located within 10-minutes from each other. Both parks include a “Turn-Key”, long-term steady tenant base, and a significant return on investment.

Property Address:
-710 S 50th St, Tampa, FL 33619
-7213 Harney Rd, Tampa, FL 33617 (Vacant lot across the street from this property)

This small portfolio that is comprised of:
-12-unit MHP – 1 House MHP (Tampa) - Zoned CG
-4-Unit MHP (Thonotosassa)
-1-vacant Waterfront Lot - Zoned PD (Thonotosassa)

Currently the MHP are 100% occupied:
-$185,256- Gross Revenue
-$122,455 – NOI

Upside: 1.Rents are below market. 2. Seperate water meters can be installed saving approximately $5000 /an in expenses.

Price: Seller will consider all reasonable offers

Seller Financing: Rate and Terms TBD but may include:
-35%-45% Down Payment
-5%-6% Interest Only
-5-10-Year Balloon

Interested in purchasing this mobile home park? Get pre-qualified for a loan.

Park Information

Community Type: All Age
Number of MH Lots: 16
Total Occupancy: 100.0 %
Year Built: 1945
Average MH Lot Rent: $450
Size: 3 acre(s)

Financial Information (Actual)

Gross Income: $185,256
Operating Expense: $62,801
Net Operating Income: $122,455
Expense Ratio: 33.9 %

Lot Information

Singlewide Lots: 16

Utility Information

Water: Well
Water Paid By: Park

Park-Owned Homes

Number of Park-owned Homes: 9
Average Rent for Park-owned Homes: $850

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