Description
24 unit mobile home park with 1 vacant lot plus an office building that is not being used (and could be converted to another rental unit). Five of the homes are new FEMA homes. One of the buildings is a duplex, consisting of a three-bedroom unit on one side and a studio on the other. Three of the trailers are tenant owned and they lease the lots. The current owners have replaced two of the six septic systems and have remodeled multiple homes throughout the park. Additionally 12 of homes are outfitted with lifetime roofs (between 2014 and 2016). This is a very quiet park with a stable tenant base. Tenants are screened and there are currently no delinquent accounts. Most residents pay rent through platforms such as Zelle, Cash App, or Venmo. This is the only property in Suncoast that has County PUBLIC WATER. The current owner has not raised the rent in 4 years on long term tenants - this offers upside to the new owner. Gross income is close to $300,000 per year. Great opportunity for an experienced Mobile Home Park Operator or someone that is looking for a great cash cow opportunity and even live on the site as well! PLEASE DO NOT DISTURB TENANTS -- Agent will meet you at the property. CURRENT OWNER will finance the property with 700K down, 6% amortized over 20 years and balloon in 3 years.
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0BEDS
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3.15ACRES
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0BATHS
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01/2 BATHS
School Ratings & Info
Description
24 unit mobile home park with 1 vacant lot plus an office building that is not being used (and could be converted to another rental unit). Five of the homes are new FEMA homes. One of the buildings is a duplex, consisting of a three-bedroom unit on one side and a studio on the other. Three of the trailers are tenant owned and they lease the lots. The current owners have replaced two of the six septic systems and have remodeled multiple homes throughout the park. Additionally 12 of homes are outfitted with lifetime roofs (between 2014 and 2016). This is a very quiet park with a stable tenant base. Tenants are screened and there are currently no delinquent accounts. Most residents pay rent through platforms such as Zelle, Cash App, or Venmo. This is the only property in Suncoast that has County PUBLIC WATER. The current owner has not raised the rent in 4 years on long term tenants - this offers upside to the new owner. Gross income is close to $300,000 per year. Great opportunity for an experienced Mobile Home Park Operator or someone that is looking for a great cash cow opportunity and even live on the site as well! PLEASE DO NOT DISTURB TENANTS -- Agent will meet you at the property. CURRENT OWNER will finance the property with 700K down, 6% amortized over 20 years and balloon in 3 years.
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