

Chestnut Mobile Home Park
Mobile Home Park | 10.15% CAP | 12 Pads
Marketing description
100Units.com presents 731-725 Chestnut Road North a mobile home park opportunity with significant value add through rental inside. This property is a 4 adjacent parcels over 2.56 acres. All mobile homes are park owned, with three 3 bedroom 2 bath mobile homes (1 double wide and 1 single wide) , seven 2 bedroom 2 bath mobile homes, and two 2 bedroom 2 bath mobile homes. Rents are currently below market. The utilities are as follows: water is public, sewer is septic tanks ( 4 tanks), electric is separately metered to each mobile home.
Discover the vibrant ambiance of Lakeland, FL, surrounding the property at 725 North Chestnut Road. This rapidly growing city offers a perfect blend of urban excitement and suburban charm, attracting a diverse population. Located in close proximity to popular attractions like Lake Mirror, the Historic Garden District, and the Polk Museum of Art, the area provides an appealing mix of cultural and recreational activities. Investors seeking opportunities in the Multifamily/High-Rise sectors will appreciate the strong demand for modern living spaces in this dynamic community, making it an ideal location for a new investment venture.
Investment highlights
- Value Add Rental Upside
- Strong Cash Flow Day One
- Low Operating Expenses
- Ample parking supports resident convenience
- No Seller Financing
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