Multifamily Opportunity- 10 Homes 2 Locations

We are pleased to present this value-add multifamily portfolio opportunity​ in Lakeland, Florida, consisting of nine mobile homes and one single-family home across two properties in North and Central Lakeland.

​​ (Property 1 - W Socrum Loop) - Th​is north Lakeland property features a ​7 unit mobile home park, all homes​ are park owned. Several units have been completely renovated, providing an opportunity to capture additional rental income.

The property is conveniently located just minutes from the busy US 98 corridor, offering easy access to major retailers, national restaurants, Lakeland Square Mall, and numerous other commercial amenities. Interstate 4 is approximately 12 minutes away,

(Property 2 - Nashville Rd) - This central Lakeland property consists of ​2 mobile homes and ​1 single-family home. The 3-bedroom/1-bath single-family home has been completely renovated and is currently available for lease​.

Nashville Road is situated within the established George Jenkins Road/New Tampa Highway area, surrounded by a mix of residential neighborhoods, retail centers, employment destinations, and major commercial users, including Publix's distribution operations.

The portfolio offers significant upside through rental-rate growth. The current rent roll generates approximately $75,900 in annual rental income​. Based on conservative market rents, filling the ​3 remaining vacant units could add approximately $40,000 in annual rental revenue, bringing projected gross rental income to approximately $116,000 annually, with further upside possible as existing rents are increased.

Current operating expenses are approximately $40,000 annually, providing an investor with an opportunity to improve both income and overall portfolio performance through strategic lease-up and continued value-add improvements.

Highlights

• Excellent multifamily portfolio opportunity with upside. Two separate properties, one in North Lakeland and one in Central Lakeland. 10 homes in total with 9 mobile homes and 1 single family home (newly renovated)
• The North Lakeland mobile home has 7 units. 2 vacancies currently. This is a state registered park "McCoy's Place 53-54-00292
• All titles have been RP'd, Retired to the Park. The homes cannot be sold or relocated, but CAN be replaced
• Recently re-zoned to LCC, multifamily allowed under the Live Local Act
• Well and septic are available at this park
• Nashville Rd consists of 2 mobile homes and 1 single family home, which has been completely renovated and is ready to lease
• 2 septic tanks at the location with a new drain field lines added recently
• Survey available for this property. Titles for mobile homes also available
• Property management currently in place for $57 per unit per month
• All Tenants pay their own electric. Water is paid for by the Landlord and is included in the rent
• Landlord carries General Liability insurance only
• Leases available to review

For more information please visit:
https://commercial.saundersrealestate.com/commercial-property-for-sale/1025-w-socrum-loop-rd-711-and-713-nashville-road-lakeland-sale/