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1025 W Socrum Loop Rd
Lakeland, FL 33809 City of Lakeland

Price Upon Request

Manufactured Housing Mobile Home Park For Sale  •  4,420 SF

Property Details

  • Property Type Manufactured Housing Mobile Home Park
  • Total Building Size 4,420 SF
  • Lot Size 1.5 AC
  • Building Class C
  • Year Built 1980
  • Zoning RL - 4
0 Transit Score
22 Walk Score

Highlights

This unique investment provides 9 mobile homes in Lakeland, Florida, at 1025 W Socrum Loop (7 homes) and 711 Nashville Road. (2 homes).
Unit 7 at 1025 W Socrum Loop is currently vacant, but ready to rent, and units 2,3, 6 and 7 are fully renovated.
There are no titles for the homes, with all structures Retired to the Park (RP'D), which means they cannot be sold or moved, but can be replaced.
Landlord carries general liability insurance, tenants pay electric, and water is paid for by the landlord and included in the rent.
The portfolio’s proforma numbers are very strong, with a 13.61% cap rate and almost $10,000 in monthly income.

Financial Summary (Actual)

Net Operating Income: $54,108 USD (2024)
Total Expenses: $25,692 USD

Amenities

  • Air Conditioning
  • Kitchen
  • Refrigerator
  • Family Room
  • Private Bathroom

Public Transportation

Commuter RailDriveWalkDistance
15 min - 8.3 mi
AirportDriveWalkDistance
Tampa International 58 min - 44.4 mi