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    5435 Lewellyn Rd Lakeland, FL 33810

    For Sale
    $5,800,000

    46-unit mobile home park with retail space.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional investment opportunity presents a 46-unit mobile home park situated on a 4.25-acre lot in Lakeland, Florida, at 5435 Lewellyn Road, zip code 33810. Built in 1970, the park boasts a mix of single and double-wide homes, comprising 43 landlord-owned rental units, two resident-owned homes, and a commercial building. The property offers a stable income stream due to its long-term residents and convenient location near amenities, schools, and major roadways. An on-site manager ensures smooth operations, making this a turnkey investment. Resident amenities include locked mailboxes, shuffleboard courts, paved roads, and street lighting. The asking price for this established mobile home community is $5,800,000. This property presents a strong cash-on-cash return potential for investors seeking a stable and established income-generating asset in a desirable Florida location. The park's established infrastructure and resident amenities contribute to its appeal and long-term viability. This is a rare opportunity to acquire a well-maintained and profitable mobile home park in a growing market.

    Property Features for 5435 Lewellyn Rd

    General Information

    Property type
    Multifamily properties

    Building Details

    Units
    46

    HighLights

    • $5,800,000 asking price.
    • 46‑unit mobile home park.
    • Located in Lakeland, Florida (33810).
    • 4.25‑acre site.
    • Mix of single and double‑wide homes; 43 landlord‑owned, 2 resident‑owned, and 1 commercial building.
    • Strong cash flow with long‑term residents and on‑site management.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Templo Bethesda Casa ... Religious Institution Country Villa Indoor Lodging Taqueria San Miquel ... Restaurant Art With Hart ... Tile Contractor

    Suggested Use

    Law Firm Restaurant Spa & Massage Hair Salon Nail Salon Clothing Store Building Supply Auto Repair Shop Accounting Firm Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Lakeland
    County
    Polk
    State
    Florida
    Longitude
    -82.0219494
    Latitude
    28.1122249

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    FAQs

    What type of property is this?
    Multifamily property - 46-unit mobile home park with retail space.
    Where is this multifamily property located?
    The property is located at 5435 Lewellyn Rd Lakeland, FL.
    What is the asking price?
    The asking price for this property is $5,800,000.
    What are key features of this property?
    This property features: $5,800,000 asking price.; 46-unit mobile home park.; Located in Lakeland, Florida (33810).
    Request Owner's contact information
    5435 Lewellyn Rd Lakeland, FL 33810
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    Lakeland, FL 33810
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5435 Lewellyn Rd Lakeland, FL 33810
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