Lakeland, Polk County, Florida MHP for sale

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  • SOLD!
  • Price: $229,000


Asking Price was $349,000    NEW REDUCED PRICE $229,000  


Family park, all park owned units, great spacing between units. On 6 acres. Approved for 18 sites, permitted for 18 sites. Has 16 units in place. 2 more units can be added to existing septic and water. Private septic systems recently have been upgraded. City water the park owner pays. Other sites grandfathered. Would need to install new septic system to install other 4 units no impact fees to install per owner. Owner has renovated 15 of the 16 units in the last 5 years.

12 units rental average $ 428.00 per month
4 weekly rentals average $ 559.00 per month

Income with 16 units rented $88,400
Vacancy figured at 10%         $-8,840
Expenses                               $27,847
NOI                                      $51,713    

22.6% cap rate

Please sign the c/a agreement and we will send you more information!  


The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. Information contained herein is deemed reliable, however, is not warranted by Bob Webster or Wm Robert Webster Inc. a real estate corporation. All offerings are subject to availability, errors, 2nd party information, change in terms and conditions without further notice.