Property
Beds
4
Full Baths
None
1/2 Baths
None
Year Built
2005
Sq.Footage
1,800
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:*Gross Revenue: $54,428 *Estimated Expenses: $12,160 * NOI $42,260 and CAP Rate 6.73% *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: Your proforma Cap Rate 8.5% 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!
Features & Amenities
Interior
-
Other Interior Features
Built-in Features, Walk-In Closet(s)
-
Total Bedrooms
4
-
Bathrooms
N/A
-
Cooling YN
YES
-
Cooling
N/A
-
Fireplace YN
NO
-
Heating YN
YES
-
Heating
Central
Exterior
-
Garage
No
-
Other Exterior Features
Lighting
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Lot Size(acres)
1.31
-
Property Type
Residential Income
-
Property Sub Type
Multi Family
Price
-
Sales Price
$627,500
-
Tax Amount
3730.74
-
Sq. Footage
1, 800
-
Price/SqFt
$348
HOA
-
Association
NO
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
Foundation Details
Pillar/Post/Pier
-
Ownership
Fee Simple
-
Senior Community YN
NO
-
Sewer
Septic Tank
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Location
County
Polk
Elementary School
Middle School
High School
Listing Courtesy of Audrey Johnson , FUTURE HOME REALTY INC
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