1045 Hickory Lane, Holiday, FL 34691

Sunstone Real Estate Advisors is pleased to present the opportunity to acquire Jay May MHP, a 16-site manufactured housing and RV community located in Holiday, Florida, within the rapidly growing Tampa-St. Petersburg-Clearwater MSA. Situated on approximately 0.91 acres, the all-ages community features a diverse mix of 7 resident-owned homes, 5 rent-to-own homes, and 4 RV sites, providing multiple income streams and operational flexibility. The property is currently operating at approximately 94% occupancy, with only one vacant RV site remaining, creating a stable in-place cash flow foundation.

Current average rents of approximately $692 per month offer investors a compelling opportunity to capitalize on continued rental growth within one of Florida's strongest housing markets. Ownership has already implemented utility reimbursement programs, including water bill-backs and electric RUBS, helping offset operating expenses and improve margins. The community benefits from public water service, septic sewer infrastructure, and strong resident demand driven by the area's affordability relative to surrounding Tampa Bay markets.

The investment strategy centers on continued rent optimization and operational efficiencies. Underwritten projections demonstrate the potential for average monthly rents to increase from approximately $692 to $867 per site over three years, driving total revenue growth from approximately $116,000 to nearly $169,000 annually. As rents are aligned with market levels and expenses are streamlined, projected NOI increases from approximately $29,600 currently to more than $85,000 by Year 3, representing a substantial increase in cash flow and value creation.

Located just minutes from U.S. Highway 19 and major employment centers throughout Pasco County, Jay May MHP offers investors a rare opportunity to acquire a stabilized, high-occupancy community in a high-growth Florida market at an attractive basis. With strong demographic trends, continued regional expansion, and a clear path to NOI growth, the property presents a compelling acquisition opportunity for both first-time and experienced manufactured housing investors.