Photo of Mobile Home Park
Photo of Mobile Home Park
Unit
Unit
Photo of Mobile Home Park
Unit

Mobile Home Park Details

  • Purchase Method: Cash, Seller Financing
  • Cap Rate: 13.8%
  • Listing ID: 441039
  • Posted On: May 1, 2014
  • Updated On: Jun 19, 2016

Description

This 14 unit mobile home park situated on the NW corner of
Leland Hawes & Skewlee Rd in growing Thonotosassa, FL
(NE Tampa). Site boasts over 2 acres of hi/dry uplands, over
225’ of frontage along Skewlee Rd just east of CR 579 and
near to Folsom Elementary School, Thonotosassa Park, Lake
Thonotosassa, 1 mile to either Fowler or US 301 and 3.3
miles to both I-75 or I-4 (Mango Rd Exit). There are 13 Park
Owned rentals which rent from $475 to $823 monthly and one
lot rental only unit which pays $300 per month. There is well
and septic on site and access along Leland Hawes Rd. All
rentals are separately metered for electric and paid by
tenants. The property has a newer well (2011) and drain field
and all units have been renovated, including low maintenance
laminate flooring. Not only situated on a well known
thoroughfare (Skewlee Rd) but w/ Fowler, US 301, I-75 and
other area local roads, an easy commute to Temple Terrace,
Lutz, Brandon, Plant City, or Lakeland. Ideal for expansion,
redevelopment or sit and hold w/ existing income. Please
don’t alert the tenants of possible sale and do not disturb
anyone on site w/out previous authorization

Location

Not only situated on a well known, high visibility thoroughfare (Skewlee Rd) but w/ Fowler, US-301, I-75 and other area local roads, an easy commute to Temple Terrace, Lutz, Brandon, Plant City, or Lakeland. Ideal for expansion, redevelopment or sit and hold w/ existing income.
Please don’t alert the tenants of possible sale and do not disturb
anyone on site w/out previous authorization.

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Park Information

Community Type: All Age
Number of MH Lots: 14
Total Occupancy: 80.0 %
Average MH Lot Rent: $600
Size: 2 acre(s)

Financial Information (Pro Forma)

Gross Income: $98,796
Operating Expense: $43,801
Net Operating Income: $54,995
Expense Ratio: 44.3 %

Lot Information

Singlewide Lots: 13
Doublewide Lots: 1

Utility Information

Water: Well
Water Paid By: Park
Sewer: Septic

Park-Owned Homes

Number of Park-owned Homes: 13
Average Rent for Park-owned Homes: $600