Headshot for Associate Jennifer Harper
  1. Jennifer Harper, SRES
  2. Tropic Shores Realty
  3. Born to Sell! Integrity, Area Knowledge and Experience. Call me today
  4. Mobile: 352.279.5529
  5. homeswithjen@gmail.com
5158 C P Keen Road, PLANT CITY, FL 33566
  • MLS#: TB8450237 ( Commercial Sale )
  • Street Address: 5158 C P Keen Road
  • Viewed: 20
  • Price: $1,700,000
  • Price sqft: $775
  • Waterfront: No
  • Year Built: 1959
  • Bldg sqft: 2193
  • Days On Market: 18
  • Acreage: 1.88 acres
  • Additional Information
  • Geolocation: 28.0181 / -82.1864
  • County: HILLSBOROUGH
  • City: PLANT CITY
  • Zipcode: 33566
  • Subdivision: Unplatted
  • Provided by: PINNACLE REALTY GROUP
  • Contact: Ameer Lakhani
  • 813-996-4000
  • mfrmls
  • DMCA Notice
  • Description
    Premium income producing mobile home park turnkey | 9 cap | zero vacancies | tampa msa. Located in the heart of plant city, the winter strawberry capital of the world, and just 20 minutes from downtown tampa, this exceptionally maintained income powerhouse sits on nearly 2 acres in a fema x flood zone meaning no flood insurance required and a perfect long term hold for any investor seeking stability + cash flow. This asset has been fully occupied for 4 straight years, with an immaculate tenancy record and over $200,000/year in gross rents, producing a consistent net of $150,000+ delivering an impressive 8. 89 cap in one of the fastest growing markets in florida. Asset mix & improvements: this high demand, low vacancy, park is fully rehabbed, stabilized, and built to operate smoothly with consistent cash flow for years. It has 8 mobile homes, fully renovated inside and outside, all roofs and floors replaced within the last 5 years; has 1 large single family home with 4 bedrooms/ 2 bathrooms, and a large, fenced yard, exterior shed, and a brand new ac unit; and 2 additional studios. Major infrastructure upgrades (all done for you): 2 new septic systems, water filtration system, new rewiring + updated piping (fully to code), sheds and storage structures. All units have been fully rehabbed less than 5 years ago with zero deferred maintenance. No operational surprises, no flooding ever (fema x zone). Financials that speak for themselves: gross income: slightly over $200,000/ year; net income: ~$150,000/ year, cap rate: ~9% occupancy: always 100%, tenant history: 4+ years stable. This is a turnkey cash flowing machine in the tampa metro area one of the strongest rental markets in the southeast. Strategic location: 20 minutes to downtown tampa, easy access to i 4, strong agricultural employment, strong demand for affordable housing, zero vacancy pressure, perfect for long term hedge against inflation! Please feel free to drive by the area to confirm location and surroundings but do not disturb tenants. Interior access to units will be granted only after a firm contract is signed with $50,000 escrow. Special offer portfolio discount: a similar mobile home park in zephyrhills (mls #tb8450203) is available from the same owner. Buy both parks together and receive a $100,000 discount. Excellent opportunity for investors building a multi park portfolio with instant scale, high yield, and low management friction. Summary: this is a rare, stabilized, turnkey, high cash flow mhp in a thriving florida market with 100% occupancy, zero flood risk, fully rehabbed units, low maintenance, strong net returns, incredible upside in land value, and portfolio expansion option with major discount! A truly hands off investment that performs from day one.
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Features
Home Owners Association Fee
  1. 0.00
Carport Spaces
  1. 0.00
Close Date
  1. 0000-00-00
Cooling
  1. Other
Country
  1. US
Covered Spaces
  1. 0.00
Garage Spaces
  1. 0.00
Insurance Expense
  1. 0.00
Legal Description
  1. S 149 FT OF W 1/4 OF SW 1/4 OF NW 1/4 LESS RDS ---E 100 FT OF N 130 FT OF S 279 FT OF W 1/4 OF SW 1/4 OF NW 1/4
Living Area
  1. 2193.00
Area Major
  1. 33566 - Plant City
Net Operating Income
  1. 0.00
Open Parking Spaces
  1. 0.00
Other Expense
  1. 0.00
Parcel Number
  1. U-26-28-21-ZZZ-000003-72490.0
Property Condition
  1. Completed
Property Type
  1. Commercial Sale
Road Frontage Type
  1. County Road
Tax Year
  1. 2024
Township
  1. 28
Views
  1. 20
Virtual Tour Url
  1. https://www.propertypanorama.com/instaview/stellar/TB8450237
Year Built
  1. 1959
Zoning Code
  1. AS-1
Headshot for Associate Jennifer Harper
  1. Jennifer Harper, SRES
  2. Tropic Shores Realty
  3. Born to Sell! Integrity, Area Knowledge and Experience. Call me today
  4. Mobile: 352.279.5529
  5. homeswithjen@gmail.com