3811 S Frontage Rd
Plant City, FL 33566
FANTASTIC MHP - 9.4% CAP w/EXCELLENT UPSIDE · Multifamily Property For Sale
·
18,736 SF
Investment Highlights
- 18 Unit Clean and Well Run MHP, Potentially 23 w/Successful Application - Frontage Road, Plant City - Close to County Line, Exit 25, I-4
- Under Market Rents Currently - See Brochure, $4,100 In Additional Monthly Income Possible Plus 5 Extra Units
- Well and Septic Tanks - No Seller Financing Available
- Annual Income $159,600, Expenses $37,800 - NOI - $121,800 - CAP RATE - 9.4%
- All Homes Park Owned, 100% Occupied - All Titles Available, and Updated Health Certificates
- SELLER HAS ADDITIONAL PARK FOR SALE AT 1615 HALL ROAD, PLANT CITY 33565
Property Facts
| No. Units | 18 | Lot Size | 3.81 AC |
| Property Type | Multifamily | Building Size | 18,736 SF |
| Property Subtype | Manufactured Housing/Mobile Home | No. Stories | 1 |
| Building Class | C | Year Built | 1993 |
| Zoning | PD - Planned Development | ||
| No. Units | 18 |
| Property Type | Multifamily |
| Property Subtype | Manufactured Housing/Mobile Home |
| Building Class | C |
| Lot Size | 3.81 AC |
| Building Size | 18,736 SF |
| No. Stories | 1 |
| Year Built | 1993 |
| Zoning | PD - Planned Development |
About 3811 S FRONTAGE RD , PLANT CITY, FL 33566
Extraordinarily well maintained, well managed and clean 18 unit mobile home park in Plant City on the Hillsborough and Polk County border. (Applications under way to add 5 more units to the park) Rents currently under market, but there are several long-term tenants. 12 x 3/2's and 6 x 2/2's. Park could realize an additional $4,100 per month in rents. All units are park owned at 100% occupancy. The park is on well and septic Rent roll and expenses available. The Sellers and their attorney are currently in talks with the county to add an additional 5 units in the rear of the park, as a result of some units being taken when the county widened Frontage Road. This property is turnkey, with no known major deferred maintenance and is managed by the property owner. Seller May Need 25' Easement on East End of Property Until Contiguous Land Development Decided. Excellent location near County Line and I-4, with quick access to the Polk Parkway. Property owner has two other contiguous parcels available at yet undecided prices. 12.5 acres split into parcels of approx 1 acre and 11.5 acres. The 1 acre parcel is likely to be a commercial designation, and property owner currently applying for multi family usage on the remaining acreage. More details available on request. SELLER HAS ANOTHER PARK FOR SALE AT 1615 HALL RD, PLANT CITY FL.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 12 | - | - |
| 2+2 | 6 | - | - |
Property Taxes
| Parcel Number | U-24-28-22-ZZZ-000004-77200.0 | Improvements Assessment | $678,430 |
| Land Assessment | $186,770 | Total Assessment | $865,200 |
Property Taxes
