5821 HwyPlant City, FL 33566

Property Details for 5821 Hwy

Year built

1957

Lot size

0.78 AC

Property type

Residential income properties

Property subtype

Multifamily properties

Description

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.

Location Insight

City

Plant City

County

Hillsborough

State

Florida

Latitude

28.021

Longitude

-82.2003

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