For Sale
$1,500,000

5821 Hwy Plant City, FL 33566

10-unit, 100% occupied, high ROI.

Overview

Added:
Dec 11, 2024
Days on market:
134
This exceptional investment opportunity presents a 10-unit mobile home park situated on a 0.78-acre lot in Plant City, Florida. The property, boasting a Fee Simple ownership, features ten mobile home spaces, including nine mobile home units and one RV space. A 1200 square foot single-family home is also included, currently occupied by the property manager rent-free. Built in 1957 and extensively renovated in 2022, the park benefits from recent upgrades including new septic drain fields, a new water tank with filtration system, new power lines and poles with individual metering, a new perimeter fence, and a newly graveled road. All mobile home units have undergone full renovations. The park currently enjoys 100% occupancy, generating a gross revenue of $162,600 and a Net Operating Income (NOI) of $134,328, representing a 10% capitalization rate at the asking price of $1,500,000. The property is zoned PD and offers a turnkey operation with significant cash flow potential for the new owner. Financing is available. The Hillsborough County APN is U 27 28 21 ZZZ 000003 74700.0. The address is 5821 W Hwy 92, Plant City, FL 33566.

Highlights

  • $1,500,000 asking price for a 10-unit mobile home park in Plant City, Florida.
  • 100% occupancy with a 10% cap rate and $134,328 net operating income (NOI).
  • The property includes 10 mobile home spaces (9 MH + 1 RV), 9 mobile home units, and a 1,200 sq ft single-family home.
  • Built in 1957, extensively renovated in 2022, situated on a 0.78-acre lot with PD zoning.
  • Fee simple ownership with financing available.

Property Details for 5821 Hwy

Property type
Mobile home & RV parks
Class
B
Year Built/Renovated
1957/2022
Buildings
1
Lot Size (sq. ft)
33,977 SF
Units
10

Location Insight

City
Plant City
County
Hillsborough
State
Florida
Latitude
28.020985
Longitude
-82.200315

FAQs

What type of property is this?
Mobile home & RV park - 10-unit, 100% occupied, high ROI.
Where is the mobile home & rv park located?
The property is located at 5821 Hwy Plant City, FL.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: $1,500,000 asking price for a 10-unit mobile home park in Plant City, Florida.; 100% occupancy with a 10% cap rate and $134,328 net operating income (NOI).; The property includes 10 mobile home spaces (9 MH + 1 RV), 9 mobile home units, and a 1,200 sq ft single-family home.
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5821 Hwy
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