Listed by Marcus & Millichap
$1,550,000
Sandy's Mobile Home Park
Details
APN U-24-30-19-ZZZ-000001-71120.0
Property Type Mobile Home Park
Sub Type All-Age MHC
Units 16
Occupancy 94%
Tenancy Multi
Pro-Forma Cap Rate 11.55%
Pro-Forma NOI $178,983
Acreage 2.480
Zoning PD
Investment Type Stabilized
Mobile Home Park | 16 Pads | $96,875/pad
Marketing description
Marcus & Millichap is pleased to present the exclusive offering of Sandy's Mobile Home Park, a 16-lot all-age manufactured housing community strategically positioned at 7726 Gibsonton Drive in Gibsonton, Florida. The property offers investors a rare combination of stabilized in-place cash flow, meaningful and near-term achievable rent upside, and a location at the epicenter of one of the most significant infrastructure-driven transformation stories in the greater Tampa Bay area.
Investment highlights
- Rapid Stabilization — 50-60% to 94% occupancy in six months— stabilization risk absorbed
- Immediate Rent Upside — Blended lot rent of ~$700 vs. proven $750-$850 market; all MTM leases
- POH Income Stream — 12 POH units at $1,200-$1,800/mo all-in — dual revenue above lot rent
- County S2S Conversion — Phase 3 Gibsonton S2S project — county-funded municipal sewer upgrade
- Scarcity Asset — Sub-20-lot Hillsborough County MHCs rarely trade; high demand with very limited supply
- Tampa Bay Market Tailwinds— The region's MHC's benefit from FL population growth and rising SFH and MF rents creating structural demand for affordable housing alternatives
Listing Contacts
Listed by Marcus & Millichap
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