2.9 AC Mobile Home Park | Spring Hill, FL | $665,000

Multi-Family for Sale
Catylist Listing ID: 30745821
Property Subtypes: Mobile Home Park
Number of Units: 13 Units
Building Size (RSF): 8,000 SF
Gross Building Area: See Agent
Gross Land Area: 2.90 Acres
Sale Price: $665,000
Unit Price: $51,153.85 Per Unit
In Opportunity Zone? Yes
Property Use Type: Investment
Sale Terms: Undisclosed
Cap Rate: 10.22%
Last Updated: 7/27/2021

Overview / Comments

Doyle & McGrath Real Estate is pleased to present this excellent opportunity to own an income producing mobile home park located in Spring Hill, FL. Somerset Mobile Home Park is situated on 2.9 acres with 13 mobile homes. INCOME WHEN FULLY OCCUPIED WILL BE 111K approx.
Located just off of US Hwy 41, approximately 5 miles north of SR 52. The park's proximity to SR 52 and the Veterans Expressway allow for an easy commute to Tampa International Airport, Downtown Tampa, and Downtown St. Petersburg. Local shopping, entertainment, and schools nearby.

Additional Details

Nearest MSA: Tampa-St. Petersburg-Clearwater
County: Pasco
Tax ID/APN: 14-24-18-0040-00000-0150

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 5,133 31,104
Median Age: 41.51 45.83
Households: 1,876 12,255

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