$1,700,000

5158 C P KEEN ROAD, Plant City, FL 33566

  • 2,193 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1959
  • Property Lot Size Icon1.88acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $775/sqft
  • Property List Date Icon Listed 4 days ago

Property Description

Premium Income-Producing Mobile Home Park — Turnkey | 9 CAP | Zero Vacancies | Tampa MSA. Located in the heart of Plant City, the Winter Strawberry Capital of the World, and just 20 minutes from Downtown Tampa, this exceptionally maintained income powerhouse sits on nearly 2 acres in a FEMA X Flood Zone — meaning no flood insurance required and a perfect long-term hold for any investor seeking stability + cash flow. This asset has been fully occupied for 4 straight years, with an immaculate tenancy record and over $200,000/year in gross rents, producing a consistent net of $150,000+ — delivering an impressive 8.8–9 CAP in one of the fastest-growing markets in Florida. Asset Mix & Improvements: This high-demand, low vacancy, park is fully rehabbed, stabilized, and built to operate smoothly with consistent cash flow for years. It has 8 Mobile Homes, fully renovated inside and outside, all roofs and floors replaced within the last 5 years; has 1 Large Single-Family Home with 4 Bedrooms/ 2 Bathrooms, and a large, fenced yard, exterior shed, and a brand-new AC unit; and 2 additional Studios. Major Infrastructure Upgrades (All Done for You): 2 New Septic Systems, Water Filtration System, New rewiring + updated piping (fully to code), Sheds and storage structures. All units have been fully rehabbed less than 5 years ago with zero deferred maintenance. No operational surprises, no flooding EVER (FEMA X Zone). Financials That Speak for Themselves: Gross Income: Slightly over $200,000/ year; Net Income: ~$150,000/ year, CAP Rate: ~9% Occupancy: Always 100%, Tenant history: 4+ years stable. This is a turnkey cash-flowing machine in the Tampa metro area — one of the strongest rental markets in the Southeast. Strategic Location: 20 minutes to Downtown Tampa, Easy access to I-4, Strong agricultural employment, Strong demand for affordable housing, Zero vacancy pressure, Perfect for long-term hedge against inflation! Please feel free to drive by the area to confirm location and surroundings — BUT DO NOT DISTURB TENANTS. Interior access to units will be granted only after a firm contract is signed with $50,000 escrow. Special Offer — Portfolio Discount: A similar Mobile Home Park in Zephyrhills (MLS #TB8450203) is available from the same owner. Buy both parks together and receive a $100,000 discount. Excellent opportunity for investors building a multi-park portfolio with instant scale, high yield, and low management friction. Summary: This is a rare, stabilized, turnkey, high-cash-flow MHP in a thriving Florida market with 100% occupancy, zero flood risk, fully rehabbed units, low maintenance, strong net returns, incredible upside in land value, and Portfolio expansion option with major discount! A truly hands-off investment that performs from day one.

Listing Status:
Active
Date Added:
November 21, 2025 at 06:00AM
Listing Office:
PINNACLE REALTY GROUP : 813-996-4000
Listing Agent:
Ameer Lakhani : 727-776-6200
MLS ID:
TB8450237
  • A/C: Other
  • General: Other
  • Road/Access: County Road
  • Originating MLS: Stellar MLS
  • County: Hillsborough
  • Zoning: AS-1S 149 FT OF W 1/4 OF SW 1/4 OF NW 1/4 LESS RDS ---E 100 FT OF N 130 FT OF S 279 FT OF W 1/4 OF SW 1/4 OF NW 1/4U-26-28-21-ZZZ-000003-72490.0
  • Source: Stellar MLS
  • Ownership: Corporation

This listing courtesy of Ameer Lakhani, PINNACLE REALTY GROUP

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

C

Cork Elementary School

3501 Cork Rd, Plant City, FL, 33565

Grades PK-5

2.31 miles away

T

Tomlin Middle School

501 N Woodrow Wilson St, Plant City, FL, 33563

Grades 6-8

2.39 miles away

W

Willis Peters Exceptional Center

2919 Nelson Ave, Dover, FL, 33527

Grades PK-12

2.48 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.