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10116 Lake Ave
Tampa, FL 33619

Price Upon Request

Manufactured Housing Mobile Home Park For Sale  •  672 SF

Property Details

  • Property Type Manufactured Housing Mobile Home Park
  • Total Building Size 672 SF
  • Lot Size 2.1 AC
  • Building Class C
  • Year Built 1972
  • Zoning Mh
30 Transit Score
30 Walk Score

Highlights

(30-UNIT) MOBILE HOME PARK IN TAMPA, FL! ALL UNITS ARE LOCATED WITHIN A 3-MILE RADIUS!
100% OCCUPIED! All UNITS ARE SITUATED ON THEIR OWN "SINGLE FAMILY HOME STYLE" LOT!
SELLER FINANCING TERMS: DOWN PAYMENT: $2,3000,000! (Year 1-2): 5% IR, (Year 3-4): 5.5% IR, (Year 5): 6% IR! INTEREST-ONLY, 5-YEAR BALLOON!
11% CAP RATE AND 14% CASH-ON-CASH RETURN IN 2025! 13% CAP RATE & 16% CASH-ON-CASH RETURN IN 2026! 17% CASH-ON-CASH RETURN IN 2027!
ALL UNITS HAVE BEEN RENOVATED IN THE LAST 3-5 YEARS!
SHORT TERM LEASES IN-PLACE, ALLOWING THE BUYER TO RAISE RENTAL RATES INSTANTLY! CURRENT RENTAL RATES ARE APROX. $200-$250 DOLLARS BELOW THE MAKRET AVG

Amenities

  • 24 Hour Access

Public Transportation

Commuter RailDriveWalkDistance
16 min - 9.5 mi
AirportDriveWalkDistance
Tampa International 27 min - 16.3 mi
St Pete-Clearwater International 38 min - 24.8 mi