32-Unit Lakeland Mobile Home Park N Florida Ave. Lakeland, FL. 33805
All of the Units are Park Owned and there’s already space to add 13 extra units (that already have the hookups installed) that the city has already approved, Huge value-add potential!
There are a total of 32 Mobile Homes plus one 3 bed 1 bath house and a sturdy storage garage shed on the property.
You can Value add from day one by raising under-market rents. The Park is currently netting around $290k with a current cap rate at 11%.
Excellent location and only minutes away from the beautiful Lake Parker & Lake Gibson, US Hwy 98 N, as well as the Lakeland Square Mall.
The City of Lakeland is the largest city in Polk County and is home to the Detroit Tigers Spring Training and home to the year-round “Safari Wilderness”!