Back

1 of 18

2 of 18

3 of 18

4 of 18

5 of 18

6 of 18

7 of 18

8 of 18

9 of 18

10 of 18

11 of 18

12 of 18

13 of 18

14 of 18

15 of 18

16 of 18

17 of 18

18 of 18

10116 Lake Ave
Tampa, FL 33619

$3,200,000 USD

Manufactured Housing Mobile Home Park For Sale • 28,888 SF

Property Details

Property Type Manufactured Housing Mobile Home Park
Total Building Size 28,888 SF
Lot Size 2.1 AC
Year Built 1972
Zoning Mh

0 Transit Score

13 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

Property Flyers

*16% Cash-On-Cash Return! Hillside MHP For Sale!

Amenities

24 Hour Access

Public Transportation

Commuter Rail	Drive	Walk	Distance
Tampa (Silver Star - Amtrak)	16 min	-	9.5 mi
Airport	Drive	Walk	Distance
Tampa International	27 min	-	16.2 mi
St Pete-Clearwater International	44 min	-	25.5 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	68
Type:	Surface
Included in Rent:	Yes

David Rosenthal 813-245-7333 Grimaldi Commercial Realty Corp.

10116 Lake Ave Tampa, FL 33619