11310 US Hwy 41 S, Gibsonton, FL 33534 For Sale

Sunstone Real Estate Advisors is pleased to present Hideaway Hills MH & RV Park, a diversified manufactured housing and RV community offering multiple income streams across land rentals and park-owned home operations. The community consists of 18 manufactured home sites, 36 RV sites, 3 cottages, and 1 single-family rental, totaling 58 sites, with economic occupancy of approximately 93.1% and physical occupancy of approximately 96.6%. Current average rents include approximately $750 per occupied MH site and $715 per occupied RV site, supported by strong in-place demand and stable occupancy. The asset benefits from a mixed-use revenue profile that includes MH, RV, cottage, and POH income, reducing reliance on any single site type. Hideaway Hills presents an opportunity to acquire a stabilized, cash-flowing community with built-in growth through rent increases, lease-up of remaining MH sites, and continued operational refinement.

The underwriting reflects a measured value-add strategy focused on lease-up of remaining MH sites, annual rent growth, and expense normalization under professional management. Combined operations generate approximately $567,477 in total income at current operations, increasing to approximately $793,898 by Year Five, driven by rent growth, improved occupancy, and expanding margins.

Net Operating Income is projected to increase from approximately $335,968 currently to $473,623 by Year 5, supported by improving operating efficiency and scaled revenue across the asset’s diversified income base. Expense ratios are underwritten to remain efficient at scale while supporting stabilized operations, improving from approximately 41% at current operations to 40% by Year 5. Based on the proforma, cash-on-cash return expands from 8.12% at current operations to 11.18% by Year 5, underscoring the durability of cash flow and long-term upside profile.