6416 Black Dairy Rd - Manufactured Housing/Mobile Housing FOR SALE


Seffner, FL 33584
$1,500,000 USD
813-245-7333
6416 Black Dairy Rd, Seffner, FL for Sale
$1,500,000 USD
Manufactured Housing/Mobile Housing - FOR SALE
1/18
null | 8.07% Cap Rate

6416 Black Dairy Rd
Seffner, FL 33584


HIGHLIGHTS

  • 15-UNIT) MOBILE HOME PARK IN SEFFNER, FL! LONG-TERM TENANTS IN PLACE, WITH ALMOST ALL TENANTS ON MONTH-TO-MONTH LEASES!
  • AMAZING SELLER FINANCING AVAILABLE! APPROX TERMS: $250,000 DOWN PAYMENT, 5% IR! INTEREST- ONLY PAYMENTS! 5-YEAR BALLOON!
  • 23% CASH-ON-CASH RETURN AND 8.1% CAP RATE IN 2026!
  • 27% CASH-ON-CASH RETURN & 9% CAP RATE IN 2027!
  • CURRENT RENTAL RATES ARE APPROXIMATELY $250-$400 BELOW AVERAGE! HUGE VALUE-ADD OPPORTUNITY TO IMPROVE UNITS & INCREASE RENTAL RATES IMMEDIATELY!
  • ABILITY FOR THE BUYER TO TRANSFER ALL TENANTS TO PAD RENTALS EASILY IF THEY PREFER TO DO SO!

OVERVIEW

THE BLACK DAIRY MOBILE HOME PARK IS A 15-UNIT MOBILE HOME PARK LOCATED ON A 1.9 ACRE LOT IN SEFFNER, FL. SEFFNER IS LOCATED JUST 13 MILES FROM DOWNTOWN TAMPA AND IS ONE OF THE LARGEST RENTAL MARKETS FOR MOBILE HOMES IN THE STATE OF FLORIDA! THE SELLER IS OFFERING AMAZING SELLER FINANCING, WHICH MAKES THIS DEAL EVEN BETTER (SEE P.5 FOR FULL DETAILS). THE PARK HAS BEEN IN OPERATION FOR OVER 30 YEARS & CONSISTS OF EXTREMELY LONG-TERM TENANTS ON MONTH-TO-MONTH LEASES. THE PROPERTY CONSISTS OF SEVERELY UNDER-MARKET RENTAL RATES FOR THE AREA, MAKING THIS AN INCREDIBLE INVESTMENT OPPORTUNITY FOR THE BUYER. A BUYER CAN PURCHASE THE PROPERTY USING THE FANTASTIC SELLER FINANCING TERMS, AND IMMEDIATELY RAISE RENTS TO THE MARKET AVERAGE RATE. CURRENTLY THE RENTS ARE APPROXIMATLY $250-$400 PER MONTH BELOW THE MARKET AVERAGE IN THIS RAPIDLY GROWING AREA! THERE IS IMMENSE OPPORTUNITY TO IMPROVE SOME OF THE OLDER UNITS OR EVEN REMOVE THEM AND OFFER TENANTS LOT RENTAL PADS, AND ACHIEVE AN EVEN HIGHER MONTHLY RENTAL RATE. THE BLACK DAIRY MOBILE HOME PARK HAS AMAZING UPSIDE AND IS ONE OF THE BEST VALUE-ADD ASSETS ON THE MARKET! A BUYER CAN EASILY OBTAIN A CASH-ON-CASH RETURN OF OVER 23% AND A CAP RATE OF OVER 8% IN 2026, & A CASH-ON-CASH RETURN OF OVER 26% AND A CAP RATE OF OVER 9% IN 2027!

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$100 USD /SF

# OF UNITS

15

PRICE/UNIT

$100,000

CAP RATE

8.07%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

(23% CASH-ON-CASH RETURN) BLACK DAIRY MHP!

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Manufactured Housing/Mobile Housing

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1986

PARKING SPACES

40

LAND DETAILS

LAND ACRES

1.9 AC

LAND SF

82,764 SF

ZONING

MHP

APN/PARCEL ID

U-28-28-20-ZZZ-000002-21400.0

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 Notice.