2655 SE Carroll St, Stuart, FL 34997

The MHP Value Team at EXP Commercial is pleased to offer for sale Open Gate MHP, a 23-unit mobile home park located in the rapidly growing and highly desirable Stuart, FL market, just minutes from the downtown core.

The community is composed of a mix of housing types, including six tenant-owned lot renters averaging $692 per month, eight occupied park-owned homes averaging $833 per month, two mobile homes that have been converted into duplexes for a total of four rental units at $618 per month each, and three apartments that currently rent for $1,050 per month. The property is serviced by well water and septic tanks, both of which are in good working condition.

The park presents multiple avenues for upside. There is one vacant apartment that can be leased for immediate revenue growth, as well as several vacant lots that can be filled with smaller homes or RVs given the compact lot sizes. Current rents across the community are more than $100 per month below market levels, creating additional opportunity through incremental rental adjustments. Over the long term, the park-owned homes can also be sold off to residents, reducing maintenance and management responsibilities while enhancing stability.

This is a rare opportunity for an investor to acquire a stabilized property with clear value-add potential in one of Florida’s most sought-after and fast-growing coastal markets.