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Mobile Home Park

Sunrise at the Lake Mobile Home RV Park

20 Graner Dr, Frostproof, FL 33843

Listing Price: $900,000

Cap Rate
6.21%
Number of Spaces
22
Lot Size
1.57 acres
Occupancy
96.0%
Price/Space
$40,909
Spaces/Acre
14.01
Year Built
1956

Investment Overview

22-space manufactured housing community in Frostproof, FL (Lakeland MSA)

Investment Highlights

  • 22-space manufactured housing community in Frostproof, FL (Lakeland MSA)
  • Located in Polk County, the fastest growing county in FL, and the 7th fastest growing county in the USA
  • 55+ community, with 20 lot-rent spaces and two park-owned homes
  • Significantly under market lot rents based on JLT report
  • Municipal water and sewer, with sub-metering in-place
  • Majority month-to-month leases allowing for rapid value-add
  • Approximate 10% in-place loss-to-lease
  • Beautiful lakefront location

Exclusively Listed By

Financing By

Mobile Home Park

Sunrise at the Lake Mobile Home RV Park

Listing Price: $900,000

Cap Rate
6.21%
Number of Spaces
22
Lot Size
1.57 acres
Occupancy
96.0%
Price/Space
$40,909
Spaces/Acre
14.01
Year Built
1956

Investment Highlights

  • 22-space manufactured housing community in Frostproof, FL (Lakeland MSA)
  • Located in Polk County, the fastest growing county in FL, and the 7th fastest growing county in the USA
  • 55+ community, with 20 lot-rent spaces and two park-owned homes
  • Significantly under market lot rents based on JLT report
  • Municipal water and sewer, with sub-metering in-place
  • Majority month-to-month leases allowing for rapid value-add
  • Approximate 10% in-place loss-to-lease
  • Beautiful lakefront location

Investment Overview

22-space manufactured housing community in Frostproof, FL (Lakeland MSA)

Exclusively Listed By

Financing By

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