104 Little Pepper Ln - Manufactured Housing/Mobile Housing FOR SALE


Seffner, FL 33584
$5,500,000 USD
813-245-7333
104 Little Pepper Ln, Seffner, FL for Sale
$5,500,000 USD
Manufactured Housing/Mobile Housing - FOR SALE
1/13
null | 10.07% Cap Rate

104 Little Pepper Ln
Seffner, FL 33584


HIGHLIGHTS

  • (44-UNIT) MOBILE HOME PARK IN SEFFNER, FL! 14-UNIT GATED MOBILE HOME PARK (LITTLE PEPPER) WITH AN ADDITIONAL 30 UNITS, ALL WITHIN A 3-MILE RADIUS!
  • AMAZING SELLER FINANCING AVAILABLE! EACH OF THE ADDITIONAL 30 UNITS IS SITUATED ON ITS OWN LOT WITH FRONT AND BACK YARD!
  • SELLER FINANCING TERMS: DOWN PAYMENT: $3,300,000 FIXED IR! YEAR 1-2: 5%, YEAR 3: 5.5%, Year 4-5: 6%. INTEREST-ONLY PAYMENTS AND 5 YEAR BALLOON!
  • 10% CAP RATE IN PLACE! 13% CASH-ON-CASH RETURN IN PLACE! 11% CAP RATE IN 2026! 15% CASH-ON-CASH RETURN IN 2026!
  • ALL UNITS HAVE BEEN RENOVATED IN THE LAST 3-5 YEARS! 100% OCCUPIED! EXTREMELY LOW RENTAL RATES IN PLACE, GIVING THE BUYER MASSIVE UPSIDE!
  • SHORT-TERM LEASES IN-PLACE, ALLOWING THE BUYER TO RAISE RENTAL RATES INSTANTLY! CURRENT RENTAL RATES APPROXIMATELY $100-$200 BELOW THE MARKET AVERAGE!

OVERVIEW

SEFFNER SHORES MOBILE HOME PARK CONSISTS OF A 14-UNIT STAND-ALONE GATED COMMUNITY AND 30 ADDITIONAL UNITS, IN SEFFNER, FL. THE 14-UNIT MOBILE HOME PARK (LITTLE PEPPER) SITS IN AN AMAZING LOCATION JUST OFF OF E HILLSBOROUGH AVE, A MAJOR THROUGHWAY IN TAMPA, FL! THE SURROUNDING UNITS ALL ON THEIR OWN LOT, ARE WITHIN A 3-MILE RADIUS OF LITTLE PEPPER & HAVE ALL BEEN UPDATED IN THE PAST 3-5 YEARS. BOTH PARKS HAVE BEEN IN OPERATION FOR OVER 20 YEARS, AND HAVE SEEN MASSIVE GROWTH, WITH THE RENTAL DEMAND SOARING! THE BEAST PART ABOUT THIS DEAL IS THAT THE SELLER IS OFFERING AMAZING SELLER FINANCING, CREATING INCREDIBLE RETURNS, WHICH INCLUDE A 13% CASH-ON-CASH RETURN IN PLACE AND A 15% CASH-ON-CASH RETURN IN 2026! (SEE P. 5 FOR FULL DETAILS!) SEFFNER IS A RAPIDLY GROWING MARKET LOCATED JUST 13 MILES FROM DOWNTOWN TAMPA AND IS ONE OF THE LARGEST RENTAL MARKETS FOR MOBILE HOMES IN THE STATE OF FLORIDA! THE PROPERTIES ARE IN IMMACULATE CONDITION AND HAVE BEEN WELL MAINTAINED BY THE OWNERS WITH MANY IMPROVEMENTS AND UPGRADES DONE TO EACH UNIT. THE PROPERTY IS CURRENTLY 100% OCCUPIED & RARELY HAS ANY VACANCY, AS THE DEMAND FOR RENTAL UNITS OF THIS TYPE IS IMMENSE. THE OWNERS EVEN HAVE A WAITLIST OF POTENTIAL TENANTS IF/WHEN A UNIT BECOMES AVAILABLE! THE CURRENT RENTAL RATES ARE $200-$250 PER UNIT, BELOW THE CURRENT MARKET AVERAGE & OVER HALF OF THE TENANTS ARE MONTH-TO-MONTH, CREATING A FANTASTIC VALUE-ADD OPPORTUNITY FOR A BUYER TO COME IN & RAISE RENTS IMMEDIATELY. THE PROPERTY CURRENTLY BOATS AN IN-PLACE CAP RATE OF OVER 10% IN-PLACE & A CASH-ON-CASH RETURN OF 13%. WITH THE SELLER FINANCING AVAILABLE & THE ABILITY TO RAISE RENTAL RATES IMMEDIATELY, A BUYER CAN OBTAIN A CAP RATE OF 11% BY THE START OF 2026 AND A CASH-ON-CASH RETURN OF OVER 15%! THIS WILL STEADILY INCREASE OVER TIME & BY 2027 A BUYER CAN OBTAIN A CASH-ON-CASH RETURN OF OVER 16%!

FOR SALE DETAILS

PRICE

$5,500,000 USD

PRICE/SF

$141 USD /SF

# OF UNITS

44

PRICE/UNIT

$125,000

CAP RATE

10.07%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

10% CAP RATE! SEFFNER SHORES MOBILE HOME PARK

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Manufactured Housing/Mobile Housing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1980

PARKING SPACES

85

LAND DETAILS

LAND ACRES

5.9 AC

LAND SF

257,004 SF

ZONING

MHP

APN/PARCEL ID

U-35-28-20-ZZZ-000002-28430.0

ASK ABOUT THIS PROPERTY

David RosenthalGrimaldi Commercial Realty Corp.More Info
813-245-7333

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David RosenthalGrimaldi Commercial Realty Corp.More Info
813-245-7333

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.