2 Park Portfolio - Tampa, FL 2 Multifamily Properties Offered at $22,851,015 CAD in Tampa, FL

Marcus & Millichap is pleased to present the 2 Park Portfolio in Tampa, Florida. The portfolio consists of 125 rentable units across two communities — North Rome MHC and Ralston Beach MHC—both located in the heart of Hillsborough County.
With 124 tenants in place, the parks offer stable cash flow upon entry and excellent upside through future rent increases and continued TOH conversions. The communities are operated together and are located just 1.1 miles apart, providing operational efficiency and scale in one of Florida’s most desirable metros.
This portfolio is centrally located in the Tampa-St. Petersburg-Clearwater MSA, which is home to over 3.4 million people and is one of the fastest-growing regions in the southeastern United States. The area features a robust and diverse economy anchored by leading employers in healthcare, finance, logistics,
education, and defense. Major job centers include Tampa General Hospital, BayCare Health System, MacDill Air Force Base, and the University of South Florida. Tampa’s metro population has grown by over 1% annually, supported by strong in-migration and a high quality of life. With median home prices nearing
$450,000 and average 3-bedroom apartment rents of $2,368 per month, demand for affordable housing remains at record highs.
The portfolio consists of 125 total units. North Rome MHC has 80 units and Ralston Beach MHC has 45 units. 103 tenant-owned homes (TOH, 16 rented park-owned homes (POH, and 5 apartment units. There is one abandoned home on-site which the owners are in the process of getting the title and no vacant POHs or apartment units. Current TOH tenants pay an average lot rent of $894 per month, while POH tenants pay an average of $534 per month. Apartment rents are average $936 per month. Rents across all units are below market, providing a clear opportunity for future rent growth.
The portfolio is currently 99% occupied with 124 tenants in place. Both communities are serviced by public water. North Rome MHC is on public sewer which is billed back to tenants. Ralston Beach MHC is on septic and is included in rent. Public sewer is available. Trash is serviced by curbside bins and billed back to the tenants. Electricity, gas, and cable are all billed directly to tenants. The roads are paved and privately maintained. The communities are not located in a flood zone.
With strong occupancy, below-market rents, and a high-demand affordable housing market, this investment represents a rare opportunity to secure scale in a prime Florida location. Investors will benefit from stable in-place income, future rent growth, and minimal deferred maintenance. The Tampa MSA continues to outperform national averages in population growth and housing demand, making this a highly attractive long-term asset.
We are asking investors to submit offers at or above $16,500,000. All offers must include price, inspection timelines, appropriate terms, proof of funds, a list of due diligence items required from ownership, and relevant real estate experience. This portfolio presents a new buyer with a very well located and strong stabilized community with a value-add component. Both conventional recourse, non-recourse, and bridge lending options are available.