Four-Unit Manufactured Home
New
For Sale
$349,995
12515 FOUR OAKS, Tampa, FL 33624
Two independent manufactured homes contain four rental units on one parcel, with no HOA or CDD restrictions.
Property Size2,016 SF
Days on Market6
Property Features for 12515 FOUR OAKS
General Information
Standard status
Active
Size
2,016 SF
Property subtype
Investment
Additional Details
Public Transit
No
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$3,818
Building Details
Building Size
2,016 SF
Year Built
1989
Buildings
2
Construction
manufactured home
Listing Agency:
Realnet Florida Real Estate (A DBA of Realnet of Tampa Bay, LLC)
Listed By:
Timothy Trimbath
(863) 944-1519
Source:
Elliman
Added: Oct 19
Changed: Oct 21
Last Checked: Oct 23 at 10:22AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Realnet Florida Real Estate (A DBA of Realnet of Tampa Bay, LLC)
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Investment Insights
Based on property information with market context.
At 12515 Four Oaks Rd in Tampa, this multifamily property includes two separate manufactured homes configured as four rental units on a single parcel. The homes were built in 1989, and the arrangement provides four distinct residential units at one address.
System improvements include HVAC replacements in 2025 and 2022, a well pump installed in 2022, and a septic system added in 2022. The property has no HOA or CDD restrictions. Walk Score is 23, Bike Score is 41, and Transit Score is 0.
System improvements include HVAC replacements in 2025 and 2022, a well pump installed in 2022, and a septic system added in 2022. The property has no HOA or CDD restrictions. Walk Score is 23, Bike Score is 41, and Transit Score is 0.
Key Highlights
- Four rental units across two independent manufactured homes
- Single parcel with no HOA or CDD restrictions
- HVAC systems updated in 2025 and 2022
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,879
Cap Rate
6.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$437,580
$437.6K
Cap Rate 7%
$312,557
$312.6K
Cap Rate 9%
$243,100
$243.1K
Market Conditions
NOI Build-Up for 2,016 SF
Gross rent
$42.8K $21.24/SF
− Vacancy
−$3.0K −$1.51/SF
EGI
$39.8K $19.73/SF
− OpEx
−$17.9K −$8.88/SF
NOI
$21.9K $10.85/SF
Area
Tampa, FL
Vacancy
7.10%
Lease Rate
$21.24 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$437,580
Cap Rate 7%
$312,557
Cap Rate 9%
$243,100
Alternative Uses
Best Use
Apartment 5plus
$312.6K
$273.5K – $364.7K
NOI $21,879 @ 7.0% cap · market cap 6.25%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$469.7K
$411.0K – $548.0K
NOI $32,877 @ 7.0% cap · market cap 9.39%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
261
Businesses Nearby
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Business Placement
Demographics for 33624, FL
38,929
Population
15,838
Households
2.5
Avg Household Size
41
Median Age
42%
College-Educated
93%
High-School Grad
9.1 sq mi
ZIP Area
4,278
Density / Sq Mi
$81,039
Median Household Income
$46,807
Median Earnings
$1,658
Median Rent
$353,300
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - Two independent manufactured homes contain four rental units on one parcel, with no HOA or CDD restrictions.
Where is this multifamily property located?
The property is located at 12515 FOUR OAKS Tampa, FL.
What is the asking price?
The asking price for this property is $349,995.
What are key features of this property?
This property features: Four rental units across two independent manufactured homes; Single parcel with no HOA or CDD restrictions; HVAC systems updated in 2025 and 2022
