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34397564
34397563

4233 Gall Boulevard, Zephyrhills, FL 33542 For Sale

CB
FL SL3660975
Matthews
GP
SL3492043
Matthews
Listed by Matthews
$1,300,000
7 days on market
Updated 7 days ago

4233 Gall Boulevard

Details
Property Type Mobile Home Park
Square Footage 9,050
Units 14
Cap Rate 9.89%
NOI $128,512
Price per SqFt $144
Acreage 0.950
Zoning C-2

71% Occupied MHP with Seller Rent Guarantee — Immediate Value-Add Upside in Tampa MSA

Investment highlights

• Value-Add Occupancy Upside: 10 of 14 lots are currently occupied (71% occupancy), with 4 vacant lots offering new ownership a clear, near-term path to full occupancy and increased income.

• Seller Rent Guarantee: Seller will pay Buyer the equivalent of market rent for the four vacant lots during the first three months of ownership, providing immediate income support during the transition period.

• 100% Park-Owned Homes (POH): Every home on the property is park-owned, giving new ownership full control over both lot rent and home rent income, with no tenant-owned homes to manage around.

• Attractive Basis: Offered at $1,300,000, or $92,857 per unit and $143.65 per square foot, on a 14-lot, 9,050 SF community.

• NOI Growth: In-place (T-12) NOI of approximately $128,512 grows to a Year 1 Adjusted NOI of approximately $142,291 and a Market/Stabilized NOI of approximately $144,912 as rents mark to market and vacant lots are leased.

• Cap Rate Growth: 9.89% in-place (T-12) cap rate grows to 10.95% on a Year 1 Adjusted basis and 11.15% on a Market/Stabilized basis.

• Simple, Efficient Operating Profile: A compact 14-lot MH/RV community with a fully park-owned home base creates a straightforward operating profile well-suited to a value-add buyer focused on lease-up execution.

Listing Contacts

CB
FL SL3660975
Matthews
GP
SL3492043
Matthews
Listed by Matthews

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$128,512.00
$10,709.33/mo

Valuation Metrics

0
DSCR
9.89%
Cap Rate
9.89%
ROI

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Additional Information

Name
Kyle Matthews
License
BK3554632, CQ1066435 (FL)
Brokerage
Matthews Real Estate Investment Services, Inc
Brokerage Phone
866.889.0550
Title
Broker of Record
Brokerage Address
1600 West End Ave, Ste. 1500 Nashville, TN 37203
Name
Craig Brown
License
SL3660975
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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