20510 US Highway 98 - Specialty FOR SALE


Dade City, FL 33523
$495,800 USD
813-312-3063
20510 US Highway 98, Dade City, FL for Sale
$495,800 USD
Specialty - FOR SALE
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null | Request Cap Rate

20510 US Highway 98
Dade City, FL 33523


HIGHLIGHTS

  • 8-unit mobile home park on 1.34 acres with long-term tenancy and operational simplicity.
  • High historical occupancy rate of 97%, generating steady rental income.
  • Seven park-owned units streamline management and maintenance oversight.
  • Private and wooded setting provides a secluded living environment for tenants.
  • Convenient location with nearby retail, fuel options, and public transportation access.
  • Seller financing available with favorable terms, facilitating acquisition for qualified buyers.

OVERVIEW

This 8-unit mobile home park in Dade City offers an excellent opportunity for investors seeking stable income and future growth potential. Situated on 1.34 acres and fully leased with a 97% annual occupancy rate, the property consists of 7 park-owned units and one tenant-owned home. Unit mix includes four 2-bedroom/2-bath units, one 2-bedroom/1-bath unit, and two 1-bedroom/1-bath units. The park is fully equipped with a single well and three septic tanks, reducing operating complexities. It benefits from a secluded setting surrounded by mature trees, which enhances tenant privacy and retention. The location provides direct frontage along Highway 98 with convenient access to daily necessities. A Pasco County Public Transportation bus stop is directly across the entrance, with Dollar General and Marathon gas station within walking distance. Seller financing terms are available with 20% down at 8% interest, a 10-year term, and a 5-year balloon, subject to credit and background approval. With strong rental demand and consistent occupancy, this asset offers dependable cash flow.

FOR SALE DETAILS

PRICE

$495,800 USD

PRICE/SF

$103 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Specialty

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1988

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.34 AC

LAND SF

58,370 SF

ZONING

R3

APN/PARCEL ID

27-23-21-0090-02000-0000

ASK ABOUT THIS PROPERTY

Greg De La RueElite BrokersMore Info
813-312-3063

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Greg De La RueElite BrokersMore Info
813-312-3063

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