(16% CASH-ON-CASH RETURN!) THE HILLSIDE MOBILE HOME PARK FOR SALE (SELLER FINANCING AVAILABLE)

For Sale

10116 Lake Ave, Tampa, FL 33619

This Tampa property for sale is located at 10116 Lake Ave. The current listed sale price for (16% CASH-ON-CASH RETURN!) THE HILLSIDE MOBILE HOME PARK FOR SALE (SELLER FINANCING AVAILABLE) is $3,200,000. (16% CASH-ON-CASH RETURN!) THE HILLSIDE MOBILE HOME PARK FOR SALE (SELLER FINANCING AVAILABLE) is situated on a lot that is 2.1 acre in size.

Contacts

broker
David Rosenthal

Grimaldi Commercial Realty Corp.

Property Details

  • Property Type Multi-Family
  • Property Size 28,888 SF
  • Units 30
  • Lot Size 2.1 Acre
  • Parking Spaces Avail. 68
  • Property Tenancy Multi-Tenant
  • Year Renovated 2025
  • Date Updated Jul 23, 2025
LOCATED IN BEAUTIFUL TAMPA, FL!
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Highlights

  • (30-UNIT) MOBILE HOME PARK IN TAMPA, FL! ALL UNITS ARE LOCATED WITHIN A 3-MILE RADIUS!
  • (Year 1-2): 5% IR, (Year 3-4): 5.5% IR, (Year 5): 6% IR! INTEREST-ONLY PAYMENTS & A 5-YEAR BALLOON!
  • 100% OCCUPIED! All UNITS ARE SITUATED ON THEIR OWN "SINGLE FAMILY HOME STYLE" LOT!
  • 11% CAP RATE AND 14% CASH-ON-CASH RETURN IN 2025!
  • 13% CAP RATE & 16% CASH-ON-CASH RETURN IN 2026!
  • 17% CASH-ON-CASH RETURN IN 2027!
  • ALL UNITS HAVE BEEN RENOVATED IN THE LAST 3-5 YEARS!
  • AMAZING SELLER FINANCING AVAILABLE! APPROXIMATE SELLER FINANCING TERMS: $2,3000,000 IN THE FORM OF A DOWN PAYMENT!
  • SHORT TERM LEASES IN-PLACE, ALLOWING THE BUYER TO RAISE RENTAL RATES INSTANTLY! CURRENT RENTAL RATES ARE APPROXIMATELY $200-$250 DOLLARS BELOW THE MARKET AVERAGE!

Getting around

  • 10/100

    Walk Score ®

  • 41/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Tampa, FL
  • Neighborhood Brandon
  • Zip Code 33619
  • Market Tampa St Petersburg Clearwater

Points of Interest

  • Centennial Park

    6.36 miles

  • Centro Ybor

    6.61 miles

  • Streetcar Society

    6.74 miles

  • Cadrecha Plaza

    6.87 miles

  • Publix

    6.94 miles

  • York Street

    7.00 miles

  • Tampa

    7.02 miles

  • Cumberland Avenue

    7.03 miles

  • Nairobi

    7.07 miles

  • AMALIE Arena

    7.24 miles

  • Mobil

    0.89 miles

  • Shell

    1.68 miles

  • Wawa

    1.87 miles

  • Speedway

    1.90 miles

  • Tesla Supercharger

    2.04 miles

  • 7-Eleven

    2.11 miles

  • Exxon

    2.18 miles

  • Chevron

    2.25 miles

  • Tesla Destination Charger

    6.25 miles

  • Enphase

    6.25 miles

  • Faculty & Staff Parking

    0.36 miles

  • Citigroup Center

    0.60 miles

  • Parking For Dannys All American Diner

    1.15 miles

  • Visitor and Faculty Parking

    3.30 miles

  • Student Parking

    3.51 miles

  • North Garage

    3.76 miles

  • South Garage

    3.82 miles

  • Lot D

    6.59 miles

  • Centro Ybor Garage

    6.69 miles

  • Staybridge Suites Tampa East-Brandon

    0.70 miles

  • Sheraton Tampa Brandon Hotel

    0.79 miles

  • Quality Inn & Suites Tampa - Brandon Near Casino

    0.79 miles

  • Residence Inn Tampa Sabal Park/Brandon

    0.81 miles

  • Hilton Garden Inn Tampa East/Brandon

    1.03 miles

  • Holiday Inn Express Tampa-Brandon

    1.60 miles

  • Comfort Inn Suites - Brandon

    1.61 miles

  • Hampton Inn Tampa/Brandon

    1.63 miles

  • Motel 6

    1.63 miles

  • Clarion Inn And Conference Center Tampa-Brandon

    1.64 miles

  • Winn-Dixie

    1.81 miles

  • MD Oriental Market

    1.86 miles

  • TJ Maxx

    1.95 miles

  • Marshalls

    1.95 miles

  • Regency Square Shopping Center

    1.99 miles

  • ALDI

    2.01 miles

  • Ross

    2.23 miles

  • Walmart

    2.23 miles

  • Publix

    2.31 miles

  • Target

    2.36 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker
broker
David Rosenthal

Grimaldi Commercial Realty Corp.

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