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2620 Reynolds Rd Lakeland, FL 33801

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For Sale
$1,200,000

Mobile home park in Lakeland, Florida with rental upside.

Lot size:
2.55 Acres

Property Features for 2620 Reynolds Rd

General Information

Lot size
2.55 Acres

Source: OtherStreet Advisors Agent Enon Winkler

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Lakeland Mobile Home Park Opportunity

This mobile home park is located in Lakeland, Florida, situated midway between Tampa and Orlando. The property presents an immediate rental upside opportunity, with current lot rents approximately $131 per month below market rates compared to neighboring communities. There is also an immediate infill opportunity with one remaining vacant lot available to be filled. The property offers the potential to achieve a total operating income of $207,750 by year five, along with a potential cash-on-cash return of 10.67% over a five-year holding period. This community represents a stable bolt-on acquisition opportunity for an existing central Florida operator.
Location Intelligence

Current Use by Public Records

Mobile home & RV ...

Suggested Use

Restaurant Law Firm Nail Salon Clothing Store Auto Repair Shop Gym & Fitness Building Supply Wholesale Shop Department Store Auto Parts Store

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Lakeland
County
Polk
State
Florida
Longitude
-81.8891827
Latitude
28.0133502

FAQs

What type of property is this?
Mobile home & RV park - Mobile home park in Lakeland, Florida with rental upside.
Where is this mobile home & rv park located?
The property is located at 2620 Reynolds Rd Lakeland, FL.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: - Immediate rental upside opportunity with lot rents below-market by ~$131/M.; - Opportunity to achieve a total operating income of $207,750 by year five.; - Potential to achieve an impressive cash-on-cash return of 10.67% over a five-year holding period.
More about this property
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