23% CASH-ON-CASH RETURN! THE BLACK DAIRY MOBILE HOME PARK FOR SALE! (SELLER FINANCING)
6416 Black Dairy Rd
Seffner, FL 33584
Highlights
- (15-UNIT) MOBILE HOME PARK IN SEFFNER, FL! LONG-TERM TENANTS IN PLACE, WITH ALMOST ALL TENANTS ON MONTH-TO-MONTH LEASES!
- THIS ALLOWS THE BUYER TO RAISE RENTAL RATES INSTANTLY!
- AMAZING SELLER FINANCING AVAILABLE!
- APPROX TERMS: $250,000 DOWN PAYMENT,
- 5% IR!
- INTEREST- ONLY PAYMENTS!
- 5-YEAR BALLOON!
- MONTHLY DEBT SERVICE PAYMENTS AS LOW AS $5,208.
- 23% CASH-ON-CASH RETURN AND 8.1% CAP RATE IN 2026!
- 26% CASH-ON-CASH RETURN & 9% CAP RATE IN 2027!
- 29% CASH-ON-CASH RETURN & 10% CAP RATE IN 2028!
- CURRENT RENTAL RATES ARE APPROXIMATELY $250-$400 BELOW THE MARKET AVERAGE!
- HUGE VALUE-ADD OPPORTUNITY TO IMPROVE UNITS AND INCREASE RENTAL RATES IMMEDIATELY!
- ABILITY FOR THE BUYER TO TRANSFER ALL TENANTS TO PAD RENTALS EASILY IF THEY PREFER TO DO SO!
Description
THE BLACK DAIRY MOBILE HOME PARK IS A 15-UNIT MOBILE HOME PARK LOCATED ON A 1.9 ACRE LOT IN SEFFNER, FL. SEFFNER IS LOCATED JUST 13 MILES FROM DOWNTOWN TAMPA AND IS ONE OF THE LARGEST RENTAL MARKETS FOR MOBILE HOMES IN THE STATE OF FLORIDA! THE SELLER IS OFFERING AMAZING SELLER FINANCING, WHICH MAKES THIS DEAL EVEN BETTER (SEE P.5 FOR FULL DETAILS).
THE PARK HAS BEEN IN OPERATION FOR OVER 30 YEARS & CONSISTS OF EXTREMELY LONG-TERM TENANTS ON MONTH-TO-MONTH LEASES. THE PROPERTY CONSISTS OF SEVERELY UNDER-MARKET RENTAL RATES FOR THE AREA, MAKING THIS AN INCREDIBLE INVESTMENT OPPORTUNITY FOR THE BUYER.
A BUYER CAN PURCHASE THE PROPERTY USING THE FANTASTIC SELLER FINANCING TERMS, AND IMMEDIATELY RAISE RENTS TO THE MARKET AVERAGE RATE. CURRENTLY THE RENTS ARE APPROXIMATLY $250-$400 PER MONTH BELOW THE MARKET AVERAGE IN THIS RAPIDLY GROWING AREA! THERE IS IMMENSE OPPORTUNITY TO IMPROVE SOME OF THE OLDER UNITS OR EVEN REMOVE THEM AND OFFER TENANTS LOT RENTAL PADS, AND ACHIEVE AN EVEN HIGHER MONTHLY RENTAL RATE.
THE BLACK DAIRY MOBILE HOME PARK HAS AMAZING UPSIDE AND IS ONE OF THE BEST VALUE-ADD ASSETS ON THE MARKET! A BUYER CAN EASILY OBTAIN A CASH-ON-CASH RETURN OF OVER 23% AND A CAP RATE OF OVER 8% IN 2026, & A CASH-ON-CASH RETURN OF OVER 26% AND A CAP RATE OF OVER 9% IN 2027!
SELLER FINANCING APPROXIMATE TERMS:
DOWN PAYMENT: $250,000!
INTEREST RATE: 5%
INTEREST-ONLY PAYMENTS OR
AN AMORTIZATION OF 30 YEARS
BALLOON LENGTH: 5 YEARS
MONTHLY DEBT SERVICE AS LOW AS $5,208!
THE BLACK DAIRY MOBILE HOME PARK IS A 15-UNIT MHP IN SEFFNER, FL! THE PROPERTY SITS ON A LARGE 1.9 ACRE LOT, AND IS LOCATED IN THE LARGEST MHP MARKETS IN THE STATE. THE RENTAL DEMAND IN SEFFNER FOR MOBILE HOME UNITS IS OFF THE CHARTS WITH NEW TENANTS MOVING TO THE AREA MONTHLY. THE PARK IS CURRENTLY A MIX OF PARK-OWNED HOMES AND LOT RENTALS WITH HOOKUPS ON SITE. THE PARK IS IDEALLY LOCATED NEXT TO MANY OTHER PARKS, AND THE SELLERS HAVE DONE A FANTASTIC JOB CREATING A VERY SAFE ENVIRONMENT FOR TENANTS TO LIVE.
ALMOST ALL OF THE TENANTS HAVE LIVED IN THEIR RESPECTIVE UNITS FOR OVER 5 YEARS. MULTIPLE TENANTS WILL BE MOVING OUT OF THEIR UNITS AT THE END OF 2025, AS THE SELLERS DECIDED NOT TO EXTEND THEIR LEASES, GIVING THE BUYER THE MAXIMUM AMOUNT OF FLEXIBILITY IN THE FUTURE. THIS WILL CREATE THE PERFECT OPPORTUNITY FOR A BUYER TO GO IN AND UPGRADE/REPLACE THOSE UNITS OR REMOVE THE UNITS AND MAKE THEM LOT RENTALS GOING FORWARD. THIS WILL ALLOW THE BUYER TO BRING THE RENTAL RATES UP TO THE MARKET AVERAGE AND PRODUCE A SIGNIFICANT SPIKE IN THE NOI AT THE PARK.
THE ABILITY TO CASH FLOW THIS ASSET WITH AMAZING SELLER FINANCING TERMS, AND MAKE IMMEDIATE IMPROVEMENTS, IS WHAT MAKES THIS PARK THE BEST VALUE-ADD PROPERTY ON THE MARKET! THE CURRENT RENTAL RATES ARE SEVERELY UNDERMARKET FOR THE AREA, AND THE BUYER CAN EASILY RAISE THEM TO THE MARKET AVERAGE ON DAY ONE, CREATING AN AMAZING VALUE-ADD OPPORTUNITY. IF A BUYER WERE TO DO SOME RENOVATIONS AT THE PROPERTY, THEY CAN RAISE THE RENTAL RATES EVEN HIGHER AND LIKELY BRING THE RATES TO THE MARKET AVERAGE, CREATING A CASH-ON-CASH RETURN OF OVER 29%!
LOCATED IN SEFFNER, FL!
