Categories
MH/RV Parks
About this property
Quiet and clean mobile home park in Central Lakeland, near Southeastern University – six (6) structures with eight (8) units. 100% occupied at present, with generally below-market rents. Total current annual rent is $62,100. Pro-forma annual rent is $80,400. Annual expenses – $23,000. Excellent rental location at N. Crystal Lake and Longfellow, entering through the campus of Southeastern University. 10 minutes to Lakeland Hollingsworth and downtown Lakeland, and 5 minutes from the nearest Publix and the Polk Parkway. City water and 3 septic tanks on site.
- Lakeland Mobile Home Park near Southeastern University
- 8 tenants - 6 structures - Current Cap Rate - 8.23%
- The park has (6) 1 bedroom/1 bath units, (1) 2/2 unit and (1) 4/2 unit.
- Park could realize $15K+ in additional annual income at market rents.
- Expenses - see below. include insurance, property taxes, insurance and repairs and maintenance.
- Property owner keeps solid records.
- Park on City water with 3 septic tanks.
For more information please visit: SVN Saunders Ralston Dantzler
Property details
- Property Type
- Residential
- Building Type
- Freestanding
- Building Size
- 3,432 sqft
- Land Size
- 0.51 acres
- Units
- 8
- Zoning
- RL-1
Documents 1 file
Last updated: Sep 30, 2026
Location
- Address
-
2024 Milton Street
Lakeland, Florida 33801