1335 Bell Ave, Lakeland, FL 33805

13 Unit Mobile Home Park | $1,200,000 ($92,308/Unit) | 10.78% Cap Rate | Lakeland, FL 33805

Asking Price $1,200,000

Property Type: Multifamily
Square Feet: 10,000 SF

Listing Contacts

Benny Spensieri

Property Overview

This well-established MHP offers a turn-key operation producing a significant income and return for the new buyer. At asking price, the cap rate is 11%.
This park include:
• 1.24-Acres MOL
• 13-Spaces & 10 MH Units
• City Water & Septic
• Individual Electric Meters
• Individual Septic Tanks
• All Tenants on Lease-To-Own Leases
• Current Occupancy: 100%
• Current Gross Revenue: $154,788
• Current NOI: $129,414

Property Details

Class: C
Year Built: 1967
Stories: 1
Property Subtype: Manufactured Housing/Mobile Home
Lot Size (sq. ft): 54,014 SF
Units: 13

Highlights

TURN-KEY OPERATION
HIGH CAP RATE PURCHASE
LONG-TERM SELLER FINANCING OFFERED TO QUALIFIED PURCHASER

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