Mobile Home Park Details

Purchase Method: Cash, Seller Financing
Cap Rate: 7.0%
Listing ID: 1947525
Posted On: Dec 5, 2022
Updated On: Jun 15, 2023

Description

This mobile home parks consists of 18 single wide mobile homes and 4 single family homes.
The property is fully occupied and the tenants are long term.
The mobile homes are owned by the park and the utilities for the park are septic and county water, there are also 2 wells on the property.
This property has been owned by the same owner for the last 20+ years, rents are much lower than market rents creating upside potential for the next owner.
Great location for a mobile home community, very close to places of employment and close proximity to main thoroughfares of transportation.

Location

This property is located 1.5 miles from Interstate 4 and situated between Martin Luther King Jr Blvd and Hillsborough Ave.
Roughly 12 miles from Tampa, 5 miles to Brandon and 15 miles to Plant City.
The area has a vast supply of jobs ranging from all categories of employment, Retail, Distribution, Fast food, Agricultural and Construction.