Mobile Home Park Details
- Cap Rate: 11.0%
- Listing ID: 12694
- Posted On: Jun 2, 2010
- Updated On: Oct 12, 2010
Description
Marty�s Trailer Park is located on the City of Tampa consisting of eleven unit rentals and eighteen lot rentals with a triple net retail tenant along the Nebraska Ave frontage. Most of the tenants are long standing tenants and have been there for multiple years. The entrance is accessible from both direction so of Nebraska and is located in an area with other mobile home parks or trailer parks along with other retail and commercial properties. County and City service centers are located close by along Busch Boulevard and Florida Avenue with highway and bus lines close by.
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PROPERTY HIGHLIGHTS
Multiple streams of income.
Mix of units lot rentals and units park owned.
Private entrance on high traffic street.
Additional lots may be recaptured per survey  must be confirmed
Seller has decided to sell Marty’s after they recaptured some of the lots but prior to finishing all twenty available per the survey.
There is existing deferred maintenance currently and pricing is based upon its appeal as a value added opportunity.
The private entrance along with multiple streams of income makes the mobile home park a great opportunity for investors, mobile home manufacturers, or alternative housing entities.
This property is located within the areas designated for
Neighborhood Stabilization Program I and II.
Park Information
Number of MH Lots: | 29 |
Average MH Lot Rent: | $275 |
Park-Owned Homes
Number of Park-owned Homes: | 11 |
Average Rent for Park-owned Homes: | $750 |