Rams Residences Mobile Home Park
$1,700,000
5158 C P Keen Rd, Plant City, FL 33566
7.64
Cap Rate
129,909
NOI
Details:
Highlights:
- Only 20 minutes from downtown Tampa
- Great park-owned home inventory with interior of all units getting a complete update.
- Current onsite manager that runs the property well and the current owner highly recommends he stays on
- Park owned homes can be sold off to recapture costs
- Extremely high growth area. Plant City is experience rapid population growth and rising housing costs. Very high demand for affordable housing and very little turnover
Description:
Rams Residences Mobile Home Park is an 11-unit community right in the heart of Plant City, FL - less than 20 minutes from downtown Tampa. The property includes 11 total units: 2 apartments currently renting at $1,100/month, 8 park-owned homes averaging $1,481/month, and 1 single-family home bringing in $2,250/month.
Rents can be raised to market, and the park-owned homes could be sold to tenants, which would help cut back on maintenance costs.
For a new investor, this is a chance to step into a stabilized community with immediate value-add opportunities, all in a fast-growing and desirable market.
Nestled in the heart of Plant City, Florida, Rams Residences Mobile Home Park offers a thriving community with easy access to an array of attractions. Located nearby, visitors can enjoy the annual Florida Strawberry Festival, explore the historic downtown district, or savor fresh produce at local farms and markets. With its close proximity to Interstate 4, Tampa and Orlando are within reach, providing residents with a convenient gateway to major entertainment venues and employment opportunities. This prime location, combined with the area's rich cultural heritage and renowned hospitality, makes Rams Residences a compelling investment opportunity for Multifamily / Mobile Home Park investors.
Water, Private Well, Included in Rents
Septic, Included in Rents
Trash, Dumpster, Included in Rents
Electric, Submetered, Direct Billed
Gas, Propane, Owner
Submetered, Direct Billed
Propane, Paid by owner
Documents:
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Rams_Residences_Brochure.pdf | ||
Rams_Residences_Brochure.pdf |
Location

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