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8-SP MHP w/Warehouse & 3150 SF Home 10605 Lithia Pinecrest Rd 10 Unit Mobile Home Park $1,250,000 ($125,000/Unit) 6.26% Cap Rate Lithia, FL 33547
INVESTMENT HIGHLIGHTS
- 8 MH Space - 4 Park Owned Units
- 3150 SF House w-IN-Ground Pool (Leased)
- 3022 SF Warehouse (Lease Until 2026
EXECUTIVE SUMMARY
Unique combination MHP that includes a fully lease 3022 SF Warehouse and 3150 SF House. Property includes:
· 4.91-Acres
· 8 MH Spaces/4 Park Owned MH’s
· 3022 SF Warehouse ($2,284/mo)
· 3,150 SF Home ($1615/mo)
· 1 Vacant Unit
· $102,228 Gross Revenue (2024)
· $78,198 NOI (2024)
The seller has recently secured a 3-year lease for the warehouse. Beginning rent is $2,284/mo, with a 10% increase every year. The warehouse tenant is also leasing one MH space for $400/mo, for additional parking. Remaining tenants are on a month-to-month rent schedule.
Asking Price: $1,250,000 OBO ( Seller will consider all offers)
Financing: Seller is offering Seller Financing to a qualified purchaser with 30%-40% down. Rate and terms TBD.
· 4.91-Acres
· 8 MH Spaces/4 Park Owned MH’s
· 3022 SF Warehouse ($2,284/mo)
· 3,150 SF Home ($1615/mo)
· 1 Vacant Unit
· $102,228 Gross Revenue (2024)
· $78,198 NOI (2024)
The seller has recently secured a 3-year lease for the warehouse. Beginning rent is $2,284/mo, with a 10% increase every year. The warehouse tenant is also leasing one MH space for $400/mo, for additional parking. Remaining tenants are on a month-to-month rent schedule.
Asking Price: $1,250,000 OBO ( Seller will consider all offers)
Financing: Seller is offering Seller Financing to a qualified purchaser with 30%-40% down. Rate and terms TBD.
FINANCIAL SUMMARY (ACTUAL - 2023) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS Under Contract
AMENITIES
UNIT AMENITIES
- Storage Space
- Kitchen
SITE AMENITIES
- 24 Hour Access
- Pool
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PROPERTY TAXES
| Parcel Number | U-22-30-22-ZZZ-000005-21990.0 | Improvements Assessment | $0 (2024) |
| Land Assessment | $111,865 (2024) | Total Assessment | $111,865 (2024) |
PROPERTY TAXES
Parcel Number
U-22-30-22-ZZZ-000005-21990.0
Land Assessment
$111,865 (2024)
Improvements Assessment
$0 (2024)
Total Assessment
$111,865 (2024)
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8-SP MHP w/Warehouse & 3150 SF Home | 10605 Lithia Pinecrest Rd
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