1014 Parsons Ave Seffner, FL 33584

This exceptional investment opportunity presents a 20-space mobile home park situated on a 3.98-acre lot in Seffner, Florida. The property, built in 1973 and zoned AS-1, boasts 20 park-owned mobile homes and features a well and septic system. Currently operating at 75% occupancy, the park generates a Net Operating Income (NOI) of $109,920, yielding a 7.33% cap rate. However, a pro-forma analysis, based on achieving 100% occupancy and increased rental rates, projects a significantly higher NOI of $151,620 and a 10.11% cap rate. The asking price is $1,500,000, translating to $75,000 per pad. The property's financial performance is supported by current gross rental income of $216,000 (based on 90% occupancy and an average weekly rent of $250) and expenses of $64,800. The seller is actively working to increase occupancy to 100%, further enhancing the investment's potential. The property's parcel number is U 34 28 20 ZZZ 000002 27010.0. This is a fee simple ownership opportunity with substantial upside potential for a savvy investor. The projected financial information anticipates a gross rental income of $222,480 (based on 100% occupancy and a projected average rent of $950 per unit within two years) and expenses of $66,744 (30% of gross revenue). This translates to a projected NOI of $155,736.