Lakeland Mobile Home
For Sale
Contact for pricing
Pending
2620 Reynolds Rd, Lakeland, FL 33801
20-site mobile home community with infill potential in Lakeland, Florida.
Property SizeContact for details
Days on Market143
Property Features for 2620 Reynolds Rd
General Information
Standard status
Pending
Property subtype
Mobile Home Park
Building Details
Units
20
Listing Agency:
Sunstone Real Estate Advisors
Listed By:
Kolman Bubis · License #471.001148
Source:
Crexi
Added: Mar 24
Changed: Aug 8
Last Checked: Jul 24 at 9:08AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Sunstone Real Estate Advisors
Investment Insights
Based on property information with market context.
Happy Hollow, a 20-site mobile home community in Lakeland, Florida, presents an opportunity for investors. The community operates with 95% physical occupancy, featuring fifteen tenant-owned homes and four park-owned homes. There is one available lot for immediate infill. Current lot rents average $530 per month, which is approximately $159 below market rents in the surrounding area. Rental realignment has the potential to bring rents closer to the $689 average seen in competing communities across the region. The combination of under-market rents and the ability to fill the vacant lot creates a pathway for revenue growth through rent increases and operational improvements. Financial projections model a strong upside, with the potential to achieve a 14.30% cash-on-cash return by year three, driven by rental alignment and effective community management. Aligning the community’s below-market rents with regional averages and infilling the available lot will increase operational income.
Key Highlights
- Significant upside potential through rent alignment to market rates, currently $159/month below average.
- Immediate infill opportunity with one available lot.
- High occupancy rate of 95% indicating stable operational base.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
116
Businesses Nearby
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Business Placement
Demographics for 33801, FL
36,798
Population
15,365
Households
2.4
Avg Household Size
34
Median Age
16%
College-Educated
84%
High-School Grad
18.9 sq mi
ZIP Area
1,947
Density / Sq Mi
$49,210
Median Household Income
$30,055
Median Earnings
$1,100
Median Rent
$138,700
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mobile home & RV park - 20-site mobile home community with infill potential in Lakeland, Florida.
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 $1,000,000.
What are key features of this property?
This property features: Significant upside potential through rent alignment to market rates, currently $159/month below average.; Immediate infill opportunity with one available lot.; High occupancy rate of 95% indicating stable operational base.
