Contact Information

Mobile Home Park Details

  • Price: $627,500
  • Purchase Method: Cash, New Loan
  • Cap Rate: 6.0% (Actual)
  • Listing ID: 6890997
  • Posted On: May 2, 2025
  • Updated On: May 2, 2025

Description

Great Investment Opportunity with stable income stream in Lakeland/Highland City, Florida! Located in a prime area just off the high-traffic State Road 98, a walk distance to restaurants and shopping plaza. This well-maintained mobile home park offers a fantastic opportunity for both new investors or those looking to expand their portfolio. Key Features:(1) 8 total spaces include 2 rent-to-own homes—will be fully tenant-owned by 2026—and 5 tenant-owned homes with lot rent only) 1 vacant space with significant potential (2) Well-run park with strong tenant retention and consistent revenue streams. (3) Tenants are separately metered for water and electric City water with several septic tanks. Financials:*2024 Gross Revenue: $52,513 *Estimated Expenses: $12,776, NOI: $39,736 and CAP Rate (2024):6.3% *Potential for an additional $10,000+ in revenue by increasing lot rents and implementing trash charge-backs *Filling the vacant space could bring an additional $14,400-$16,800 annually. Investor Opportunity: Easily increase your cap rate to 8.3% in your first year with minimal effort. This property is ready for immediate returns with plenty of room for growth. Don’t miss out on this exceptional opportunity to secure a solid, income-generating asset in a rapidly growing market!

Location

The park is in Lakeland/Highland City, Florida! Located in a prime area just off the high-traffic State Road 98, a walk distance to restaurants and shopping plaza.

Amenities

  • Storage
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Park Information

Community Type: All Age
Number of MH Lots: 8
Total Occupancy: 100.0 %
Year Built: 2005
Average MH Lot Rent: $530
Size: 1 acre(s)

Financial Information (Actual)

Gross Income: $52,513
Operating Expense: $12,776
Net Operating Income: $39,736
Expense Ratio: 24.3 %

Utility Information

Water: City
Water Paid By: Tenant - Submetered
Sewer: Septic

Park-Owned Homes

Number of Park-owned Homes: 2
Average Rent for Park-owned Homes: $530

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