12.5% Cap Rate! The property consists of 16 park owned trailers, 1 house, 1 studio apt, and 3 retail units. All tenants are month to month - owner collects application fee, but no security deposits. Utilities are City water and sewer. Tenants pay for their own electricity with the exception of one (#10) who is billed at flat $150 per month. New Tampa Highway is to be widened in the near future and as such a taking by the FDOT will occur. This will affect the commercial/retail section of the property. It is highly expected that a settlement dollar amount will occur as a result of this event. When this eventually occurs, the retail section of the property will be converted to residential units. SEE PROPERTY BROCHURE ATTACHED FOR MORE DETAILS.
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