Mobile Home Park Details

  • Purchase Method: Cash
  • Listing ID: 2032313
  • Posted On: Feb 10, 2023
  • Updated On: Aug 8, 2023

Description

8.33 Cap rate with County Sewer and County Water. Don't miss this incredible opportunity to own a mobile home park in Tampa Bay! This property features 24 rental spaces and 1 house, all with long-term tenants that have passed background checks. Collecting rent is a breeze, as tenants pay online. There's also added convenience because each site is individually metered for electric which the tenant pays directly and sub-metered for water with a third party billing and collection service. Invest in your future today with this great real estate opportunity!
This property is turn key with great tenants and in an excellent location for future appreciation and development.
County sewer and County water for utilities.

Location

Located off Hwy 41 / Tamiami Trail in Ruskin Fl . (RTC-1) Maximum Density: 20 dwelling units per acre.

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Park Information

Number of MH Lots: 24
Average MH Lot Rent: $625

Financial Information (Pro Forma)

Gross Income: $194,496
Operating Expense: $26,887
Net Operating Income: $167,609
Expense Ratio: 13.8 %

RV Information

Number of RV Lots: 4
Average RV Lot Rent: $625

Utility Information

Water: City
Water Paid By: Tenant - Submetered
Sewer: City

Park-Owned Homes

Number of Park-owned Homes: 1
Average Rent for Park-owned Homes: $750

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