MULTI FAMILY DEVELOPMENT OPPORTUNITY

Multi-Family for Sale
Catylist Listing ID: 30527718
Property Subtypes: Mobile Home Park
Number of Units: 80 Units
Building Size (RSF): 12,000 SF
Gross Land Area: 5.52 Acres
Sale Price: $3,500,000
Unit Price: $43,750 Per Unit
In Opportunity Zone? Yes
Property Use Type: Investment
Sale Terms: Owner Financing
Cap Rate: 5.0%
Last Updated: 12/11/2019

Overview / Comments

RE-DEVELOPMENT OPPORTUNITY IN AN OPPORTUNITY ZONE!!

* ACCORDING TO HILLSBOROUGH COIUNTY, CAN BUILD UP TO 110
APARTMENT UNITS OR
* UP TO 65 TOWN HOMES.
* LOCATED IN AN OPPORTUNITY ZONE.
* 80 (MOL) RENTAL UNITS CONSISTING OFMOBILES LAND SMALL HOMES
INCLUDING 10 VACANT RENTABLE VACANT LOTS.
* GROSS INCOME $360,000 ANNUALLY.
* LOCATED JUST 1.3 MILES FROM UNIVERSITY OF SOUTH FLORIDA.
* OWNER FINANCING WITH SUBTANTIAL CASH DOWN.

Additional Details

Nearest MSA: Tampa-St. Petersburg-Clearwater
County: Hillsborough
Taxing Authority: Hillsborough County
Tax ID/APN: U-12-28-ZZZ-000000-86270.0
Zoning: MIXED USE MOBILE PARK
Percent Occupied: 90%
Property Located Between: ONE BLOCK SOUTH OF FLETCHER ON N NEBRASKA AVE BETWEEN LINWOOD DRIVE AND INDIANA DRIVE
Highway Access: I 275 TO FLETCHER
Site Description: EXISTING MOBILE HOME PARK ADJACENT TO LIFE STORAGE. 5.52 ACRE (MOL) SITE INCLUDES ACCESS FROM N NEBRASKA AND SEVERAL RESIDENTIAL STREETS.
Area Description: AREA CONSISTS OF VARIOUS COMMERCIAL USES INCLUDING SELF STORAGE, AUTOMOTIVE, GENERAL RETAILAND RESIDENTIAL.
Property Condition: Fair
Number of Stories: 1
Year Built: 1945
Roof Type: Flat
Construction/Siding: Block, Stucco, Wood Frame
Parking Type: Surface
Heat Type: Electricity
Fuel: Electric
Zoning Description: MIXED USE MOBILE HOME PARK
Lot Frontage: 450'
Lot Depth: 550
Water Service: Municipal
Sewer Type: Municipal
Easements: Utilities

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 20,779 135,409 312,473
Median Age: 33.25 34.34 35.75
Households: 8,037 54,401 125,530

Contact

Photograph of Listing Agent

George D Hurst

First Commercial Group
CE-FL Member
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