Shady Oaks Mobile Home Park

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