This property
sold
for
$1,600,000 1 week ago.
Sold
$1,600,000
5158 C P Keen Road
PLANT CITY,
FL 33566
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 Fully Occupied, 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 Portfolio Purchase 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 returns, and low management friction.
Summary: This is a rare, stabilized, turnkey, high-cash-flow MHP in a thriving Florida market with full 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.
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Listings courtesy of My Florida Regional MLS DBA Stellar MLS as distributed by MLS GRID. Listing Office: PINNACLE REALTY GROUP , 813-996-4000
Michael Chen PA, Realtor at La Rosa Realty Celebration Serving Orlando and Miami
LA ROSA REALTY - CELEBRATION
Listings courtesy of My Florida Regional MLS DBA Stellar MLS as distributed by MLS GRID.
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