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$900,000

For Sale

$900,000

1615 Hall Road, Plant City, FL 33565

Description

Villa Oak Mobile Home Park

Asking Price: $900,000

1615 Hall Road, Plant City, FL 33565

  • Property Type: Multifamily
  • Subtype: Mobile Home Park
  • Cap Rate: 10.33%
  • NOI: $92,976
  • Units: 13
  • Zoning: ASC-1
  • Lot Size (acres): 1.31

Marketing Description:

Super well maintained and clean, 13 unit mobile home park just off of Thonotosassa Road (Exit 19 I-4) in Plant City, Florida.​ All units are park-owned and rents are currently under market.​ There are several long-term tenants and the park is 100% occupied.​ Rent roll and expenses are available.​

4 x 3/2's - 2 x 2/2's, 6 x 2/1's and 1 x 1/1.​ Park could realize an additional $2300 per month in rents at market rents.​ The park is on well and septic and is located in a quiet residential neighborhood on a dead-end road.​

This is a turn-key property, with no major deferred maintenance and managed by the owner.​ Great location, just a few minutes from I-4 between Lakeland and Tampa.​

The property owners have a contiguous parcel of 2.42 Acres available for sale that would possibly be conducive to additional residential development.​ More details are available upon request.​

Investment Highlights:

  • ​13 unit mobile home park - Thonotosassa road, plant city
  • ​The seller has another 18 unit park for sale at 3811 S Frontage Road, Plant City FL 33566
  • ​This property is conveniently located at exit 19, I-4, between Lakeland and Tampa. Within 2 minutes from the highway.  
  • ​Annual income - $111,000, expenses - $18,024
  • ​NOI - $92,976 cap rate - 10.33%
  • ​Market rents will achieve an additional $27,600 annually.
  • ​All homes park owned, well maintained, with several long-term tenants.
  • ​Well and septic tanks.
  • ​Up-to-date health certificates and all titles to the homes are available.
  • ​No seller financing available.
  • ​The seller has a contiguous parcel for sale - more information is available.
SOLD
For Sell

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