5860 150th Ave, Clearwater, FL 33760-2162

Berkadia Manufactured Housing is pleased to present Sun Terrace MHC located in Clearwater, FL. This offering consists of 72 sites and is ideally situated along Florida's Gulf Coast benefiting from convenient access to major employment centers, retail and dining destinations, and the area's renowned beaches, all of which continue to support strong resident demand. In addition, the community is a turnkey asset with 93% economic occupancy, delivering immediate and stable cash flow. Also, the community features rents that are $100 below surrounding market competition, presenting investors with a meaningful opportunity to capture future upside through strategic rent increases. Moreover, Sun Terrace MHC is comprised of all resident-owned homes, which reduces ongoing capital expenditure and maintenance obligations for ownership. Additionally, the park is serviced by public utilities, with water, sewer, and trash that is billed back to residents, further supporting efficient operations. Overall, this offering provides investors with the chance to acquire a stabilized asset in the highly desirable Clearwater MSA, complemented by operational efficiencies and future rent growth potential.

Link to data room/financials - https://properties.berkadia.com/clearwater-fl-mhp-496795/?src=src5