8814 Honeywell Road
GIBSONTON, FL 33534

Description

13% CAP RATE!!!!!! MONEY MACHINE!! WATERFRONT!! This is a 4 parcel, 5.5 acre property with 2 block houses, 2 double wide mobile homes, 3 single wide mobile homes, and an office portable that backs up to Bullfrog Creek! Monthly rent revenue of approx $5900!! Mobile homes are permanent (not vehicle tagged). There also is flat bottom boat access to Hillsborough Bay. The property backs up to Bullfrog Creek. Continue to upgrade the property to build it out to more, or bring the bulldozer and build something amazing on the huge plot of land! Seller owns a demolition company and may be willing to demolish anything requested with the right offer. There is a full RV park a few properties down the road, so the potential is endless. The property is being sold as-is, with no repairs. Buyer to verify all information within this listing. Heated/Total square footage is based on the 8814 Block House only and does not include the other units/houses. Neighboring properties include a mobile home park and RV park. Currently generates cash-flow at approx 13% cap rate with more income potential!

Details

MLS#U8017345
StyleIndustrial
Sub-TypeResale
StatusActive
Year1954
Days On Site253

Features

SQ Feet2,823
Story(s)1
Units8
ZoningAS-1

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Area Information

StateFL
CountyHillsborough
CityGIBSONTON
Zip Code33534
Area33534 - Gibsonton
Listing VS Median (in 33534)
Price:
$420,000
low | high
Med:
$218,000
98.095238095238% of Average
SqFt:
2,823
low | high
Med:
2,240
70.651788877081% of Average
$ / SqFt:
$149
low | high
Med:
$97
84.586096938776% of Average
On Site:
253
low | high
Med:
47
100% of Average
Listing Updated: 05/19/2019
MLS Number: U8017345
Listing Provided By:
Chris Light  of  FUTURE HOME REALTY INC

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