10116 Lake Ave | Tampa, FL 33619
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- LoopNet Team
10116 Lake Ave
Tampa, FL 33619
THE HILLSIDE MOBILE HOME PARK FOR SALE! · Multifamily Property For Sale
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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
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