5860 150th Ave N
Clearwater, FL 33760
Sun Terrace Mobile Park · Multifamily Property For Sale
·
4,526 SF
Property Facts
| No. Units | 70 | Building Size | 4,526 SF |
| Property Type | Multifamily | Average Occupancy | 92% |
| Property Subtype | Manufactured Housing/Mobile Home | No. Stories | 1 |
| Building Class | C | Year Built | 1978 |
| Lot Size | 4.75 AC | Parking Ratio | 10/1,000 SF |
| Zoning | R-6, County - Mobile Home Park | ||
| No. Units | 70 |
| Property Type | Multifamily |
| Property Subtype | Manufactured Housing/Mobile Home |
| Building Class | C |
| Lot Size | 4.75 AC |
| Building Size | 4,526 SF |
| Average Occupancy | 92% |
| No. Stories | 1 |
| Year Built | 1978 |
| Parking Ratio | 10/1,000 SF |
| Zoning | R-6, County - Mobile Home Park |
Amenities
Site Amenities
- Playground
About 5860 150TH AVE N , CLEARWATER, FL 33760
Note: This is one of two MHP’s this owner is offering for sale. The other is the 47-sp Sunshine City MHP located in St Petersburg, FL. Seller will consider providing financing for the Sunshine City MHP. (see attached Report) The Sun Terrace MHP is located just minutes from Clearwater Beach and the Down Town area. This park consists of: • 70-space • 63 Park Owned Homes • 1- 2-unit Apartment • Family Park • City Water & Sewer (Submetered) • 94% Occupied • GR = $508K • NOI = $305K Property also includes a Laundry Building (not currently used), Office, Recreation Building (not currently being used) and a maintenance building. Rents collected average $602 (Apartments), $253 (Lot Rent), $463 (Single Wide Units), $835 (Double-wide Units). Current rents are well below market. The owner has incorporated a 7% increase in rents for new tenants but has not increased the rents for the long tern tenants.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 70 | - | - |
Property Taxes
| Parcel Number | 05-30-16-70920-100-0109 | Improvements Assessment | $1,215,109 |
| Land Assessment | $1,884,891 | Total Assessment | $3,100,000 |
Property Taxes
