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Gibsonton Mobile Home Park

Tampa, Florida - MSA

Citrus Glen Homes purchased land and has entitled it to become a
70 pad Mobile Home Park.

$ 0 K

Original Acquisition Price

+ 0 K

Equity

Initial Cash Investment

Improvement Summary

Gibsonton Mobile Home Park was acquired as raw land. Our team successfully changed the zoning from agriculture to MHP. We have completed the engineering process and are currently obtaining permits. Collaborating with the county, we are securing utility connections and grants. Post-permit completion, we will finalize the horizontal construction, including roads and underground utilities, followed by placing units on the property for rental.

Capital Summary

  • Iniditial Cash Investment: 900K
  • Initial Loan: 0K
  • Total Cap Ex: 300k
  • Estimated Units Financing Lien: 5.6 M
  • Total Estimated Cost: 6.8M
  • Estimated Final Apprised Value: 12.3MM
  • Estimated ROI: 3.8X

Timeframe

  • 3.5 Years

ROI Multiple

  • 3.8X - Total Multiple Return of Investment

Future Potential ROI Opportunities

Ongoing Returns

infinite returns since all of the original equity investment has been returned, yet we still own the MHP.

Appreciation

Additional potential equity appreciation as the MHP continues to increase in value.

Interested in learning more?

Get in touch with us today to learn more about mobile home park investing! 

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LEGAL DISCLOSURE: All investment offerings have a high degree of risk. Results may vary. Past performance is not a guarantee of future success.

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Disclaimer:

All investments involve risk and you should consult your attorney, financial advisor or accountant to understand the risks prior to considering an investment. This message is not an offer to sell or the solicitation of an offer to buy any security, which only can be made through offering documents which contain details about the risks associated with an investment. Any investment details contained herein are believed to be reliable, but we make no representations or warranties as to the accuracy of such information and accept no liability therefore.

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Ashok Jay

President

With over 30 years of experience in the real estate sector, Ashok Jayapalan is a seasoned professional known for his expertise in infill development and affordable housing projects. Specializing in the intersection of construction, development, and urban renewal, Ashok has consistently delivered value in both residential and commercial spaces, with a focus on transforming underutilized properties into thriving communities. Throughout his illustrious career, Ashok has successfully led a syndicate of over 500 investors for 25 years, managing significant capital and navigating complex real estate markets. His track record includes over $900 million in successful transactions, demonstrating his deep understanding of the industry and his ability to deliver results. A visionary in the space, Ashok is dedicated to building sustainable, affordable housing solutions while revitalizing urban landscapes. His vast experience, combined with a keen eye for emerging trends and market opportunities, makes him a trusted leader in the real estate development field.

Amit Ashok

Founder

Amit Ashok, born on April 16, 2002, in Victoria, Melbourne, Australia, is a prominent figure in the real estate industry. As the CEO of Citrus Glen Homes and a sought-after consultant, he has earned a reputation for his strategic leadership and expertise in property development and investment. With a commitment to excellence and a passion for innovation, Amit continues to drive growth and shape the future of real estate.