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3731 State Road 60 E
Lake Wales, FL 33898 Southeast Polk

$2,850,000 USD

Manufactured Housing Mobile Home Park For Sale  •  3,615 SF

Property Details

  • Property Type Manufactured Housing Mobile Home Park
  • Total Building Size 3,615 SF
  • Lot Size 6.3 AC
  • Building Class C
  • Year Built 1965
  • Tenancy Multiple
0 Transit Score
3 Walk Score

Highlights

Turnkey, High-Occupancy Asset – 35 total units (30 mobile home lots, 5 apartments), 94% occupied with 29 tenant-owned homes on 6.3 acres.
Immediate Upside Opportunity – Below-market lot rents ($660/month) with room for increases and utility bill-backs.
Attractive Financials – Projected Year 1 NOI of $222,815, 34% expense ratio, and 8.40% cap rate.
Rent Growth Potential – Local comps up to $900/month validate upside in rental income.
Prime Growth Location – Lake Wales, FL (Polk County), within the Lakeland–Winter Haven MSA, one of the fastest-growing regions in the U.S.
Robust Economy & Housing Demand – Anchored by major employers and strong manufacturing base, driving demand for affordable housing.
Arthur Varela 949-287-5862 Matthews Real Estate Investment Services
Arthur Varela 949-287-5862 Matthews Real Estate Investment Services