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)
Sunrise at the Lake Mobile Home RV Park
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
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
