20303 Old Somerset Acres Ln - Manufactured Housing/Mobile Housing FOR SALE


Spring Hill, FL 34610
$975,000 USD
813-317-4497
20303 Old Somerset Acres Ln, Spring Hill, FL for Sale
$975,000 USD
Manufactured Housing/Mobile Housing - FOR SALE
1/28
null | 11.86% Cap Rate

20303 Old Somerset Acres Ln
Spring Hill, FL 34610


HIGHLIGHTS

  • Located in fast-growing Spring Hill, FL market
  • Fully park-owned 13-unit mobile home community
  • Recent renovations enhance rent potential and value

OVERVIEW

The property at 20312 Old Somerset Acres Lane is a 13-unit mobile home park located in the rapidly growing market of Spring Hill, FL. This investment opportunity offers stable cash flow and significant potential for value-add improvements, making it an attractive option for both seasoned investors and those entering the mobile home park sector. All 13 units are park-owned, providing strong control over operations and consistent income. An appraisal report is attached, and the offering price is below the appraised value, providing immediate equity for the buyer. Since the time of the appraisal, the current owners have completed major renovations and upgrades across several units, further enhancing the property’s overall condition, rent potential, and long-term value.

FOR SALE DETAILS

PRICE

$975,000 USD

PRICE/SF

$122 USD /SF

# OF UNITS

13

PRICE/UNIT

$75,000

CAP RATE

11.86%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Old Somerset Acres

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Manufactured Housing/Mobile Housing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1973

PARKING SPACES

20

LAND DETAILS

LAND ACRES

2.9 AC

LAND SF

126,324 SF

ZONING

RMH

APN/PARCEL ID

14-24-18-0040-00000-0150

ASK ABOUT THIS PROPERTY

Kevin StipeStipe Realty GroupMore Info
813-317-4497

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Kevin StipeStipe Realty GroupMore Info
813-317-4497

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