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%!