12510 Memorial HwyTampa, FL 33635

Property Details for 12510 Memorial Hwy

Lot size

1.30 AC

Property size (Sq ft)

6,144 SF

Property type

Specialty properties

Property subtype

Mobile home & RV parks

Description

This exceptional Tampa, Florida mixed-use property presents a unique investment opportunity. Boasting a 12.6% cap rate and a substantial net operating income (NOI) of $190,000, this stabilized asset offers significant returns. The 6,144 square foot property, situated on 1.3 acres, includes an 11-bedroom, 9-bathroom main house, a separate 2-bedroom, 1-bathroom apartment, and a resort-style pool with cabanas and entertainment areas. Completely renovated in 2021 with $450,000 in capital improvements (including a $120,000 pool installation), the property sleeps 30+ and is professionally managed, benefiting from consistent occupancy at 74%. The property is zoned PD and offers potential for further development on the unused portion of the land. Financial records are available to verify the strong and consistent income stream. Located near Florida's best beaches, downtown Tampa, and theme parks, this turnkey operation provides a low-maintenance, high-yield investment in a prime location. The property's amenities include a commercial-grade kitchen, modern interior upgrades, and furnished accommodations. This is a rare opportunity to acquire a proven, high-performing resort property with substantial upside potential. The Hillsborough County property (APN: U-20-28-17-ZZZ-000000-34510.1) is offered fee simple.

Location Insight

City

Tampa

County

Hillsborough

State

Florida

Latitude

28.0291

Longitude

-82.6287

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