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10116 Lake Ave
Tampa, FL 33619
THE HILLSIDE MOBILE HOME PARK FOR SALE! · Multifamily Property For Sale · 672 SF

INVESTMENT HIGHLIGHTS

  • (30-UNIT) MOBILE HOME PARK IN TAMPA, FL! ALL UNITS ARE LOCATED WITHIN A 3-MILE RADIUS!
  • 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!
  • ALL UNITS HAVE BEEN RENOVATED IN THE LAST 3-5 YEARS!
  • 100% OCCUPIED! All UNITS ARE SITUATED ON THEIR OWN "SINGLE FAMILY HOME STYLE" LOT!
  • 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!
  • 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 FACTS

No. Units 30
Property Type Multifamily
Property Subtype
Manufactured Housing/Mobile Home
  • Multifamily Apartments
Apartment Style Garden
Building Class C
Lot Size 2.10 AC
Building Size 672 SF
Average Occupancy 100%
No. Stories 1
Year Built/Renovated 1972/2025
Zoning Mh - MH/ RES SFH

AMENITIES

SITE AMENITIES

  • 24 Hour Access
  • Listing ID: 36870186

  • Date on Market: 2025-07-22

  • Last Updated:

  • Address: 10116 Lake Ave, Tampa, FL 33619

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