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88-Space Park with Park-Owned Homes, Lakeland photo 1
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Manufactured Housing CommunityNew

88-Space Park with Park-Owned Homes, Lakeland

Lakeland, Florida· Polk County·Mountain View Manor

$6,200,000

Total sites
88
Cap rate
8.0%
Occupancy
94%
Age restriction
All ages
  • Assumable Debt

Key Details

Asking price
$6,200,000
Property type
Manufactured Housing Community
Total sites
88
Cap rate
8.0%
Occupancy
94%
NOI
$496,000
Price per site
$70,455
Age restriction
All ages
Utilities
City water & sewer
County
Polk County
State
FL
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Overview

Cash-flowing Florida park with 30 park-owned homes and an on-site manager.

Investment highlights

  • 30 park-owned homes renting at $950 per month
  • Assumable fixed-rate loan in place
  • All park-owned home roofs replaced two years ago
  • Manager in place for 8 years

Features

  • City utilities
  • Park-owned homes
  • Stabilized

The full property description, rent detail, and operating history are shared with buyers after a request.

Financial summary

Asking price
$6,200,000
Cap rate
8.0%
NOI
$496,000
Occupancy
94%
Price per site
$70,455
Park-owned homes
30%+

Financing options

Seller financing is not advertised for this property. Conventional, agency, and bridge financing are common for this asset class.

  • Assumable debt in place
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Location

Approximate area in Lakeland, Polk County, Florida. The exact address is shared after a request.

Mountain View ManorView the community profile in the ParkMarket directory

Documents & due diligence

  • Offering memorandumFull property package
  • Rent rollLot-by-lot rents and occupancy
  • Operating statementsT-12 income and expenses
  • Exact address & site planShared with qualified buyers

Documents are released after a short request. The seller may ask buyers to sign an NDA before sharing the offering memorandum and rent roll.

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$6,200,000

88 sites · Lakeland, FL

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