5821 HwyPlant City, FL 33566

Property Details for 5821 Hwy

Year built

1957

Lot size

0.78 AC

Property type

Mobile home & RV parks

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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