33133 Ranch Rd - Manufactured Housing/Mobile Housing FOR SALE


Dade City, FL 33523
$370,000 USD
916-813-5369
33133 Ranch Rd, Dade City, FL for Sale
$370,000 USD
Manufactured Housing/Mobile Housing - FOR SALE
1/28
null | Request Cap Rate

33133 Ranch Rd
Dade City, FL 33523


HIGHLIGHTS

  • The property generated consistent gross annual rents of $50,400 in both 2023 and 2024, with minimal expenses, tenants pay all utilities.
  • The current offering price is “AS IS” before the repairs are started, offering a value-add opportunity

OVERVIEW

Investor Opportunity – 5-Acre Income Property with 4 Mobile Homes This 5-acre parcel is zoned for one mobile home per acre and currently includes four mobile homes. Each home has its own utility pole & meter, and each has its own septic system. Water is supplied to all units from 2 redundant wells. The property generated consistent average monthly gross rents of $4,200 per month in 2024. Annual rents of $50,400 are from tenants on month to month or 1 year leases. The annual expenses are taxes ($5,477/year) and trash service ($600/year) are the landlord / owner's responsibility (tenants cover all utilities) . This results in a strong net income of $44,323 annually. Due to recent hurricane damage, two homes are currently unoccupied and in need of repair, with some of the work completed. The balance to get occupancy on the 2 vacant homes is estimated to be $30K. The property is being offered AS IS prior to all repairs, presenting a compelling value-add opportunity. Once fully restored and re-leased, the property would continue to resume its $50,400 annual income at 2024 rents rates. Rents can be increased to meet current market demand. Contact owner directly at 916-813-5369. Willing to work with agents.

FOR SALE DETAILS

PRICE

$370,000 USD

PRICE/SF

$106 USD /SF

# OF UNITS

4

PRICE/UNIT

$92,500

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Manufactured Housing/Mobile Housing

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1992

PARKING SPACES

-

LAND DETAILS

LAND ACRES

5 AC

LAND SF

217,800 SF

ZONING

1 home per acre

APN/PARCEL ID

R10-123-21-0050-0000-0950

ASK ABOUT THIS PROPERTY

Stephen FournierStephen FournierMore Info
916-813-5369

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Stephen FournierStephen FournierMore Info
916-813-5369

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