Renovated Manufactured Home Income
2886 Croton Lane, West Palm Beach, FL 33403
Owner-land income setup with a 1-bedroom and two studio units, all tenant-occupied with updated major systems.
Type:Multifamily
Property size:
1,250 SFPrice / SF:
$239/SF- Added:
- Jan 11, 2026
- Days on Market:
- 167
- Last Refresh:
- Jun 20 at 7:34 am
Property Features for 2886 Croton Lane
General Information
- Standard status
- Active
- Size
- 1,250 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1961
Listing office LoKation
Listing date Jan 11, 2026
Source Crexi
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 LoKation
HighLights
- Completely renovated manufactured home (built 1961) with owner‑land setup (you own the land)
- Rental layout includes 1‑bedroom unit plus two studio units, each with bath and small kitchen
- All units are tenant‑occupied long term
- Updated major systems: electric, water heater, and HVAC
- No HOA fees or HOA rules
- Seller financing available with $60,000 down and $2,500/month; tenant‑occupied long‑term cap rate noted as 12%
Overview
This completely renovated manufactured home is offered with ownership of the land, and no HOA fees or rules. The property is arranged as one 1-bedroom unit and two studio units, each with a bath and a small kitchen. Tenants are in place on a long-term basis. Updates include electrical improvements, an updated water heater, and HVAC updates, supporting day-to-day functionality across the units.
Access and use are straightforward given the single-structure setup and on-site land ownership. The listing is presented as a residential income offering, with existing in-place tenants rather than a vacant redevelopment scenario.
For buyers seeking an owner-land residence with attached rental income, this configuration provides multiple unit types within one renovated manufactured home. The seller notes a tenant-occupied long-term status and references a 12% cap rate. Seller financing is available for the right buyer, with $60,000 down and $2,500 per month, subject to buyer qualifications.
Access and use are straightforward given the single-structure setup and on-site land ownership. The listing is presented as a residential income offering, with existing in-place tenants rather than a vacant redevelopment scenario.
For buyers seeking an owner-land residence with attached rental income, this configuration provides multiple unit types within one renovated manufactured home. The seller notes a tenant-occupied long-term status and references a 12% cap rate. Seller financing is available for the right buyer, with $60,000 down and $2,500 per month, subject to buyer qualifications.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $41.6k | $33.24 |
| − Vacancy | −$2.0k | −$1.60 |
| EGI | $39.6k | $31.64 |
| − OpEx | −$17.8k | −$14.24 |
| NOI | $21.8k | $17.40 |
1,250 SF · lease $33.24/SF/yr · vacancy 4.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$310.8K
$272.0K – $362.6K
NOI $21,756 @ 7.0% cap · market cap 7.25%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$880.3K
$770.3K – $1.03M
NOI $61,622 @ 7.0% cap · market cap 20.54%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Mobile home & RV ...
Location Insight
- Map
- Local Demand
- City
- West Palm Beach
- County
- Palm Beach
- State
- Florida
- Longitude
- -80.0802862
- Latitude
- 26.8107631
Nearby Similar for Sale
FAQs
What type of property is this?
Mobile home & RV park - Owner-land income setup with a 1-bedroom and two studio units, all tenant-occupied with updated major systems.
Where is this mobile home & rv park located?
The property is located at 2886 Croton Lane West Palm Beach, FL.
What is the asking price?
The asking price for this property is $299,999.
What are key features of this property?
This property features: Completely renovated manufactured home (built 1961) with owner‑land setup (you own the land); Rental layout includes 1‑bedroom unit plus two studio units, each with bath and small kitchen; All units are tenant‑occupied long term
