1992 Built MH on Acre Lot in Lakeland

Built in 1992, this 1,848 sq. ft. mobile/manufactured home sits on a 1.06 acre fee‑simple lot on Backwoods Dr, Lakeland, FL 33810 (call for address). 3 bed / 2 bath, no HOA, older systems — roof approx. 16 years, AC 20+ years. Vacant at close.

House Assets:

• 1992 3/2 manufactured home, 1,848 sq. ft.
• 1.06 acre fee‑simple parcel. No HOA
• Fee‑simple land ownership, not leased land or park
• Vacant at close, access by appointment.
• Flood Zone X

Repairs Needed (Estimate):

• Roof: Approx. 16 years old; budget full replacement.
• HVAC: 20+ years; full system replacement.
• Interior: Full paint, flooring (LVP), fixtures, trim.
• Kitchen: Cabinet refresh or replace, counters, appliances.
• Bathrooms (2): Vanities, tops, fixtures, caulk; check subfloor.
• Manufactured items: Tie‑downs, skirting, subfloor as needed.
• Exterior/site: Wash, paint, steps, driveway, yard cleanup.

🟣 Comparable Sales – very difficult to find comps

1. 1117 Sutton Rd, Lakeland, FL 33810 | 2/2 | 1,150 SF | 1.41 ac | $160,000 Closed ($139/SF) – Aug 28, 2025. ~0.16 mi S.
   1986-built manufactured,  exterior dated, weathered home in original condition. Smallest and cheapest comp. Inferior bed count and SF vs. subject. Sets the floor.

2. 1305 Leola Ave, Lakeland, FL 33810 | 3/2 | 1,216 SF | 1.45 ac | $200,000 Closed ($164/SF) – Jun 2025. ~1.3 mi W.
   2002-built singlewide manufactured, 1.45-acre lot,  dated original interior – no visible updates, original cabinetry and flooring. Similar bed/bath to subject but 632 SF smaller and singlewide construction.

3. 4207 Ollie Rd, Lakeland, FL 33810 | 3/2 | 1,792 SF | 0.97 ac | $293,000 Closed ($164/SF) – Mar 6, 2026. ~2.0 mi W.
   1985-built double-wide, fee simple, no HOA. LVP flooring, vaulted ceilings, open floorplan, walk-in closet, dishwasher/microwave included, front porch, chain-link fenced. Listed at $315K+ in Nov 2025, sold Mar 2026 at $293K after price reductions. Best size match to subject. Interior-  updated finishes

4. 1430 Leola Ave, Lakeland, FL 33810 | — | 924 SF | 0.9 ac | $251,000 Est. Value (Off Market). ~1.3 mi W.
   Off-market; no close date or condition photos available. AVM only. Too little data to weight in ARV – use as directional reference only.

🟡 ARV & Rental Analysis

The two usable closed comps are 4207 Ollie Rd and 1305 Leola Ave. Both closed at roughly $164/SF but the condition gap between them is significant – Ollie Rd is updated while Leola is dated and sold at $200K. Subject at 1,848 SF sits above both in size, and the 1992 build is newer than Ollie Rd’s 1985. A fully rehabbed subject matching Ollie Rd’s finish level at $164/SF is roughly ~$303K, but the 1.06 acre lot slightly below Ollie’s 0.97 acre and end-of-life systems that Ollie didn’t need factored suggest a slight downward adjustment.

Estimated ARV: $280,000 to $295,000 +/-

Projected Rent: $1,850 to $2,100/mo +/-