Mobile Home Park Details
- Cap Rate: 6.9%
- Listing ID: 4750713
- Posted On: Mar 14, 2024
- Updated On: Sep 18, 2024
Description
- 22-space manufactured housing community in Frostproof, FL (Lakeland MSA)
- Municipal water and sewer, with sub-metering in-place
- Majority month-to-month leases allowing for rapid value-add
- 55+ community, with 20 lot-rent spaces and two park-owned homes
Location
- Located in Polk County, the fastest growing county in FL, and the 7th fastest growing county in the USA
- Beautiful lakefront location
- Less than five miles to Sunset at the Lake Mobile Village
- Polk County population is expected to grow by 20% over the next ten years
- Polk County is home Publix Supermarket Headquarters with more than 10,000 employees
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Park Information
| Number of MH Lots: | 22 |
| Total Occupancy: | 100.0 % |
| Size: | 2 acre(s) |
Financial Information (Actual)
| Gross Income: | $93,843 |
| Operating Expense: | $42,257 |
| Net Operating Income: | $51,586 |
| Expense Ratio: | 45.0 % |
Utility Information
| Water: | City |
| Sewer: | City |
