2620 Reynolds Rd, Lakeland, FL 33801

Sunstone Real Estate Advisors is pleased to present the opportunity to acquire Happy Hollow, a 20-site mobile home community located in Lakeland, Florida. With below-market rents, significant infill potential, and a stable operational base, this offering provides investors with the chance to unlock substantial upside through rent alignment, strategic infill, and operational efficiencies. Ideally suited for both seasoned operators and regional aggregators, Happy Hollow offers both scale and immediate value-add opportunities.

Happy Hollow represents a compelling value-add opportunity in the rapidly growing Central Florida market. The community currently operates at 95% physical occupancy, with a mix of fifteen tenant-owned homes and four park-owned homes. Notably, the community benefits from one available lot for immediate infill, further enhancing its upside potential.

Current lot rents average just $530/month, which is approximately $159/month below market rents in the surrounding area. This presents an immediate opportunity for rental realignment, with the potential to bring rents closer to the $689/month average seen in competing communities across the region. The combination of under-market rents and the ability to fill the vacant lot creates a clear pathway for revenue growth through both rent increases and operational improvements.

Financial projections model a strong upside, with the potential to achieve a 14.30% cash-on-cash return by year three, driven by both rental alignment and effective community management. For operators looking for a high-potential asset with minimal complexity, Happy Hollow provides an attractive entry point into the Lakeland market, with immediate upside from both rent increases and infill development. The investment strategy for Happy Hollow is straightforward and effective: aligning the community’s below-market rents with regional averages and infilling the available lot to increase operational income. These strategies position Happy Hollow as a highly attractive opportunity for investors seeking both stability and growth in a dynamic market.