Tampa Mobile Home Park! – FL 33637 Pending

  • $275,000
  • 8 beds
  • 8 baths
  • 1,218 sqft

Property Details:

Situated on just under an acre of land, this income-producing property in Tampa, FL, features 5 rental units. The first is a single-family home with approximately 1,218 square feet. It is a two-bedroom, one-bathroom property and is currently occupied with month-to-month tenants, bringing in $750 per month. The next is a one-bedroom, one-bathroom mobile home. The current tenants are paying $600 on a month-to-month basis. The third unit is a double-wide mobile home that does not convey but pays a land lease fee of $300 per month. Behind the double-wide, sits a 5th wheel and storage shed. This unit is paying $400 per month, with a lease ending in April 2022. Also, on a lease ending in April of next year, is a Park Model Home with two bedrooms and two bathrooms. It features central AC, stainless steel appliances, a full-size washer/dryer, and laminate flooring with a spacious outdoor patio and deck area. This unit is currently occupied by the owner’s family, tenants are paying a discounted monthly rate of $650.

Electric is separately metered for all units. The water system includes two well pumps on the lot directly across the street that have been grandfathered in. The pump’s cistern was recently replaced, and system expenses include a $250/year licensing fee, $25 water testing per quarter, and $70 water testing every three years. Other expenses include a $400 trash fee each month. The property’s septic system includes both a 900 galloon and 300-gallon tank.

The property is currently grossing $2,700 per month with the current rental rates for each unit. However, with a little TLC, rents can be brought up to the market rate(what you see here in our pro forma), and this property should produce nicely for many years to come. Tampa Market, multi-unit properties are highly sought after, contact Us today for more information!

Price:
$275,000
Address:
Backup Rd
Tampa, FL 33637
Square Feet:
1,218
Bedrooms:
8
Bathrooms:
8
Terms:
For Sale
Property Type:
Multi-family
Year Built:
1975
Basement:
$16,500
MLS #:
$345,000

Call (407) 678-0062 for more details

Property Location