Devane MHP

Discover the promising investment potential of Seffner, FL, for Multifamily / Mobile Home Park investors. Embrace the area's convenient location, offering easy access to major highways, including I-4 and I-75, making it an ideal hub for future tenants. Seffner boasts an array of local conveniences, from shopping and dining at Westfield Brandon Mall to outdoor recreation at Medard Park. The area also presents a growing rental market, with Tampa's employment opportunities just a short commute away. Strategically positioned for investment success, the potential of this location is unparalleled for savvy investors seeking long-term returns.Devane Mobile Home Park offers investors and developers a chance to acquire a 2.75-acre parcel in unincorporated Hillsborough County. Located at 11409 Pruett Road in the Seffner/South Thonotosassa area, this property is zoned PD and is offered for $875,000. Its location within a high-growth corridor of eastern Hillsborough County makes it equally suitable as a value-add mobile home community or a redevelopment site for townhomes or other multi-family housing. The park currently includes eight mobile home lots, with existing infrastructure and modest annual operating costs. A shared well provides potable water; the well is located at the front of the property, is regularly serviced, and has been in place for 54 years. Wastewater is handled by four shared septic tanks serving the homes. Tenants are separately metered and pay their own electricity directly through TECO. Current ownership expenses are straightforward, including $324 annually for well servicing w/KNL Environmental every 3 month testing, $2,526 per year for FCC trash and dumpster service, $4,052 in property taxes last year, and $350 annually for business license, water use permit, operating permit, and fire inspection. Routine maintenance and lawn care averaged $900 last year, creating a lean and manageable cost structure. The property contains eight mobile homes with varying conditions and income profiles: 1971 12x60, 2 bed/1 bath – currently vacant and requires a full rehab. 1971 12x46, 2 bed/1 bath – occupied and generating $750 per month in rental income. 1983 14x60, 2 bed/2 bath – vacant, requires less rehab work to be market-ready. 1985 14x65, 3 bed/2 bath – occupied and generating $850 per month in rental income. 1981 15x50, 2 bed/1 bath– vacant, needs floor rehab, kitchen updates, and AC replacement. 1989 14x66, 3 bed/2 bath– vacant, requires only minor work to be suitable for occupancy. 1972 12x68, 2 bed/2 bath – unoccupied, likely a tear-down. 1989 14x48, 2 bed/1 bath – near completion w/ rent ask at $1,040 per month in rental income. There is an adjacent lot (not part of this offering) with a double wide (1344SF) MH, which also requires a rehab, that can be acquired at $160K (.36 acres) in addition to the MHP. This mix of occupied units provides current income while vacant units offer the opportunity for value-add improvements. Rehabbing, replacing, or repositioning the homes would allow a new owner to substantially increase rental revenue. In addition to its current operation, the site’s PD zoning provides significant redevelopment potential. Its size, location, and surrounding growth make it well suited for townhomes or other higher-density multi-family projects. With major employers, logistics facilities, and residential demand continuing to grow in Hillsborough County, this parcel is poised to benefit from the region’s expansion. Devane Mobile Home Park is a versatile opportunity: it can continue as a mobile home community with strong upside through renovations and improved management, or it can be repositioned for new development in one of Tampa Bay’s most active growth markets.