710 50Th St Tampa, FL 33619

This Tampa, Florida mobile home park presents a compelling value-add investment opportunity. Located at 710 S 50th St, 33619, this 1.96-acre property encompasses 13 units (1 single-family home, 9 mobile homes, and 3 lots) totaling 15,560 square feet on a 1.96-acre lot. Currently operating at 100% occupancy, the property generates a net operating income (NOI) of $125,452, representing an 8.96% cap rate. However, a pro-forma NOI of $251,180 and a pro-forma cap rate of 17.94% highlight significant upside potential through rent increases. Each unit currently rents for $450 per month. Built between 1943 and 1980, the property is zoned CG (Commercial General), offering substantial future development potential. The current asking price is $1,400,000, or $107,692.31 per unit, and a non-qualifying assumable note is available with a principal of $860,000, a 5% interest-only rate, and a 10-year term. The property's zoning allows for the potential development of 100+ multifamily units, presenting a lucrative long-term strategy. This fee-simple ownership opportunity offers immediate cash flow and substantial future growth prospects.