(16% Cash On Cash Return!) The Hillside Mobile Home Park For Sale (Seller Financing Available)

Highlights:

• (30-UNIT) MOBILE HOME PARK IN TAMPA, FL! ALL UNITS ARE LOCATED WITHIN A 3-MILE RADIUS!
• 100% OCCUPIED! All UNITS ARE SITUATED ON THEIR OWN "SINGLE FAMILY HOME STYLE" LOT!
• AMAZING SELLER FINANCING AVAILABLE! APPROXIMATE SELLER FINANCING TERMS: $2,3000,000 IN THE FORM OF A DOWN PAYMENT!
• (Year 1-2): 5% IR, (Year 3-4): 5.5% IR, (Year 5): 6% IR! INTEREST-ONLY PAYMENTS & A 5-YEAR BALLOON!
• 11% CAP RATE AND 14% CASH-ON-CASH RETURN IN 2025!
• 13% CAP RATE & 16% CASH-ON-CASH RETURN IN 2026!
• 17% CASH-ON-CASH RETURN IN 2027!
• ALL UNITS HAVE BEEN RENOVATED IN THE LAST 3-5 YEARS!
• SHORT TERM LEASES IN-PLACE, ALLOWING THE BUYER TO RAISE RENTAL RATES INSTANTLY! CURRENT RENTAL RATES ARE APPROXIMATELY $200-$250 DOLLARS BELOW THE MARKET AVERAGE!

Description:

THE HILLSIDE MOBILE HOME PARK IS A 30-UNIT MOBILE HOME PARK LOCATED IN TAMPA, FL. THE PARK CONSISTS OF 30 RECENTLY UPDATED MOBILE HOMES, ALL OF WHICH ARE LOCATED WITHIN A 3-MILE RADIUS. EACH MOBILE HOME SITS ON ITS OWN LARGE SINGLE-FAMILY HOME-STYLE LOT WITH A FRONT AND BACK YARD! THE PARK HAS BEEN IN OPERATION FOR OVER 20 YEARS AND IS CURRENTLY 100% OCCUPIED. ALL UNITS HAVE BEEN RENOVATED IN THE LAST 3-5 YEARS AND PRODUCE SOME OF THE BEST RETURNS YOU WILL FIND IN THE TAMPA MARKET! THE BEST PART OF THIS SALE IS THAT THE SELLER IS WILLING TO PROVIDE SELLER FINANCING AT AMAZING TERMS. (PLEASE SEE PAGE 5 FOR FULL SELLER FINANCING DETAILS.) THESE TERMS, ALONG WITH THE RENTAL INCREASES AVAILABLE TO THE BUYER, WILL EASILY PRODUCE A CASH-ON-CASH RETURN OF OVER 16% IN 2026!

THE PROPERTY CONSISTS OF SEVERELY UNDERMARKET RENTAL RATES FOR THE AREA, MAKING THIS AN INCREDIBLE VALUE-ADD OPPORTUNITY FOR THE BUYER. OVER 75% OF THE UNITS ARE ON MONTH-TO-MONTH LEASES, ALLOWING FOR A BUYER TO COME IN AND IMMEDIATELY INCREASE THE RENTAL RATES TO THE AVERAGE MARKET RATE! THE CURRENT RENTAL RATES ARE APPROXIMATELY $200-$250 BELOW THE AVERAGE MARKET RENTAL RATE IN THIS RAPIDLY GROWING AREA. FURTHERMORE, THE PROPERTY HAS LONG-TERM TENANTS, AS ALMOST ALL TENANTS HAVE LIVED IN THEIR RESPECTIVE UNITS FOR OVER 3 YEARS!

PRESENTLY, THE HILLSIDE MOBILE HOME PARK HAS AN IN-PLACE CAP RATE OF OVER 11% AND A CASH-ON-CASH RETURN OF OVER 14%. NOT ONLY IS THIS A FANTASTIC RETURN, TO BEGIN WITH, IT ONLY GETS BETTER, AS THE BUYER CAN INCREASE THESE RENTAL RATES IMMEDIATELY. FURTHERMORE, BY USING THE SELLER FINANCING TERMS, THE BUYER CAN EASILY OBTAIN A CASH-ON-CASH RETURN OF OVER 16% IN EARLY 2026 AND OVER 17% IN 2027, MAKING THIS ONE OF THE BEST CASH FLOWING ASETS ON THE MARKET IN ALL OF FLORIDA!

SELLER FINANCING APPROXIMATE TERMS:

DOWN PAYMENT: $2,300,000!

FIXED INTEREST RATE: Year 1-2: 5% Year 3- 4: 5.5% Year 5: 6%

INTEREST-ONLY PAYMENTS OR

AN AMORTIZATION OF 30-YEARS

BALLOON LENGTH: 5 YEARS

THE HILLSIDE MOBILE HOME PARK IS LOCATED IN ONE OF THE FASTEST-GROWING AREAS IN TAMPA, FL. THE BUYER HAS THE ABILITY TO INSTANTLY RAISE THE RENTAL RATES AND INCREASE THEIR RETURNS WITH OVER 75% OF THE TENANTS ON MONTH-TOMONTH LEASES. THE DEMAND FOR THIS TYPE OF RENTAL UNIT HAS NEVER BEEN HIGHER AND, AS A RESULT, RENTAL RATES IN THE AREA HAVE BEEN ON THE RISE FOR YEARS. FURTHERMORE, THE UNITS ARE APPROXIMATELY $200-$250 PER MONTH BELOW THE MARKET AVERAGE RENTAL RATE, GIVING THE BUYER MASSIVE UPSIDE!

THIS IS THE PERFECT VALUE-ADD OPPORTUNITY FOR AN INVESTOR! WHO IS LOOKING FOR A HIGH-CASH-FLLOWING ASSET WITH MASSIVE UPSIDE IMMEDIATELY, AND IN THE FUTURE! DUE TO THE CONDITION OF THE UNITS AND HOW INEXPENSIVE IT IS TO RENOVATE THESE UNITS, A BUYER CAN INCREASE THE RENTS WITHOUT HAVING TO SPEND LOTS OF MONEY ON CAPEX! CURRENTLY, THERE IS EVEN A WAITING LIST FOR TENANTS WHO WOULD LIKE TO MOVE INTO THE PARK WHEN A UNIT BECOMES AVAILABLE.

NEW TENANTS ARE REQUIRED TO SUBMIT AN APPLICATION AND PASS A BACKGROUND CHECK BEFORE RENTING ANY UNIT AT THE PARK! THE OWNER AND MANAGER HAVE DONE A FANTASTIC JOB KEEPING THE UNITS UP TO DATE AND LIMITING THE DAY-TO-DAY REPAIRS BY UPGRADING THE UNITS WHENEVER POSSIBLE. THE PROPERTY IS IN EXCELLENT CONDITION AND EVERY UNIT HAS BEEN UPDATED IN THE LAST 3-5 YEARS.

PLEASE SEE BELOW FOR THE FULL LIST OF UPDATES AND RENOVATIONS TO EACH UNIT!

RECENT RENOVATIONS IN THE LAST 3-5 YEARS INCLUDE, BUT ARE NOT LIMITED TOO, THE FOLLOWING: NEW FLOORING IN EVERY UNIT, NEW KITCHEN APPLIANCES, NEW INTERIOR AND EXTERIOR PAINT FOR 28 OUT OF 30 UNITS, RENOVATED BEDROOMS, NEW WINDOWS, CENTRAL AC UNITS UPDATES AND MAINTENANCE, NEW ROOFS ON OVER 75% OF THE 30 UNITS, SEPTIC TANK MAINTENANCE AND REPLACEMENT FOR EACH UNIT, ELECTRICAL UPDATES AND PANEL REPLACEMENTS, PEST CONTROL TREATMENT FOR EACH AND EVERY UNIT, NEW MAILBOXES AND FENCING, AND EXTENSIVE TREE REMOVAL!

ALL 30 UNITS USE SPECTIC TANKS WHICH HAVE BEEN REPLACED IN THE PAST 3 YEARS! ALL BUT NINE UNITS ARE ON CITY WATER. THERE ARE 9 SINGLE WELL SYSTEMS FOR THE UNITS NOT ON CITY WATER. TENANTS ARE RESPONSIBLE FOR ALL UTILITIES ON SITE, INCLUDING WATER FOR THESE ADDITIONAL 30 UNITS AND PAY A PARK FEE EACH MONTH TO COVER THE COST. EACH UNIT IS SEPARATELY METERED AND HAS ITS OWN ADDRESS.

LOCATED IN BEAUTIFUL TAMPA, FL!

TENANTS PAY ALL UTILITIES, INCLUDING WATER, FOR EACH PROPERTY! EACH PROPERTY IS SEPARATELY METERED!

30 UNIT MHP IN TAMPA, FL! THE 30 UNITS ARE LOCATED ON THEIR OWN LOTS WITH FRONT AND BACK YARDS!

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