3-Home Mobile Home
840 & 846 NASHVILLE, Lakeland, FL 33815
For Sale
$369,900
Two- and three-bedroom layouts share the grounds with an in-ground pool and a pond.
Property Size2,852 SF
Lot Size1.58 Acres
Days on Market16
Property Features for 840 & 846 NASHVILLE
General Information
Standard status
Size
Lot size
Property subtype
Property Condition
Severity
Evidence
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
pond
inground pool
Building Details
Building Size
Year Built
Listed By:
Kathy Bashlor · License FL #3232358
(863) 738-1606
Source:
Elliman
Added: Oct 28
Changed: Nov 11
Last Checked: Nov 10 at 8:40AM
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 Kathy Bashlor
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Investment Insights
Based on property information with market context.
Three mobile homes sit on a 1.58-acre property in Lakeland. The largest is a 3-bedroom, 2-bath home with 1,152 square feet, built in 1970, and an in-ground pool. The other two are 2-bedroom, 2-bath homes: one has 720 square feet and was built in 1973; the other has 980 square feet and dates to 1991. A pond is located toward the rear of the property.
All three homes need work before they are ready for new renters. The property also has potential to be divided to accommodate another home. Shopping, dining, and major roadways are accessible from the location.
All three homes need work before they are ready for new renters. The property also has potential to be divided to accommodate another home. Shopping, dining, and major roadways are accessible from the location.
Key Highlights
- Three mobile homes on 1.58 acres
- 3‑bedroom, 2‑bath home has 1,152 square feet and an in‑ground pool; built in 1970
- 2‑bedroom, 2‑bath home with 980 square feet, built in 1991
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,014
Cap Rate
7.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$540,280
$540.3K
Cap Rate 7%
$385,914
$385.9K
Cap Rate 9%
$300,156
$300.2K
Market Conditions
NOI Build-Up for 2,852 SF
Gross rent
$52.4K $18.36/SF
− Vacancy
−$3.2K −$1.14/SF
EGI
$49.1K $17.22/SF
− OpEx
−$22.1K −$7.75/SF
NOI
$27.0K $9.47/SF
Area
Lakeland, FL
Vacancy
6.20%
Lease Rate
$18.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$540,280
Cap Rate 7%
$385,914
Cap Rate 9%
$300,156
Alternative Uses
Best Use
Apartment 5plus
$385.9K
$337.7K – $450.2K
NOI $27,014 @ 7.0% cap · market cap 7.30%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$685.4K
$599.7K – $799.6K
NOI $47,975 @ 7.0% cap · market cap 12.97%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
226
Businesses Nearby
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Business Placement
Demographics for 33815, FL
15,681
Population
7,646
Households
2.1
Avg Household Size
40
Median Age
11%
College-Educated
80%
High-School Grad
7.4 sq mi
ZIP Area
2,119
Density / Sq Mi
$36,445
Median Household Income
$32,637
Median Earnings
$1,078
Median Rent
$42,700
Median Home Value
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Market
Average Price Trend$/SF for Multifamily properties in Lakeland, FL
Properties on Market for Multifamily properties in Lakeland
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - Two- and three-bedroom layouts share the grounds with an in-ground pool and a pond.
Where is this multifamily property located?
The property is located at 840 & 846 NASHVILLE Lakeland, FL.
What is the asking price?
The asking price for this property is $369,900.
What are key features of this property?
This property features: Three mobile homes on 1.58 acres; 3‑bedroom, 2‑bath home has 1,152 square feet and an in‑ground pool; built in 1970; 2‑bedroom, 2‑bath home with 980 square feet, built in 1991
