515 E 77th St - Manufactured Housing/Mobile Housing FOR SALE


Palmetto, FL 34221- Palmetto/Ellenton
$2,150,000 USD
941-773-9184
515 E 77th St, Palmetto, FL for Sale
$2,150,000 USD
Manufactured Housing/Mobile Housing - FOR SALE
1/6
null | 5.76% Cap Rate

515 E 77th St
Palmetto, FL 34221
Palmetto/Ellenton


HIGHLIGHTS

  • Income-producing mobile home park with strong regional commuter access
  • Seller financing available for flexible deal structuring
  • Central utilities connected with impact fees fully paid
  • Actual cap rate supported by documented financials
  • Positioned within a high-growth Gulf Coast market corridor
  • Located near major employment centers and coastal recreation

OVERVIEW

Lazy Acres MHP presents a compelling opportunity for investors seeking a stable, income-producing mobile home community in the thriving Palmetto submarket. Situated on more than two acres, the property features twenty-four homesites within a well-positioned park offering ease of access to Tampa, St. Petersburg, Sarasota, and Bradenton. This central location places the asset within one of Florida’s most consistently growing Gulf Coast corridors, supported by strong employment, expanding population bases, and continued residential demand. The property generates steady operational performance, with actual gross scheduled rents of $190,800 and an NOI of $123,824 supported by modest annual expenses. The offering price of $2,150,000 reflects an actual cap rate of 5.76 percent, placing the community competitively within Florida’s MHP marketplace. The seller is also offering seller financing, providing buyers enhanced flexibility in structuring acquisition terms. Lazy Acres has been tied into central utilities with impact fees fully paid, an important operational advantage not always present in similar-sized mobile home communities. The site benefits from RSF-1 zoning and sits within Manatee County, which continues to experience robust population growth and substantial in-migration. The property’s location just off 77th Street East offers direct routes to major retail hubs, coastal recreation, and key commuter highways, enhancing its tenant appeal. With consistent occupancy potential, stable cash flow, and the security of established infrastructure, Lazy Acres MHP is an attractive acquisition for investors seeking a manageable asset within a supply-constrained sector. Its combination of strong regional connectivity, documented income, and flexible financing terms positions this community as a compelling investment in an expanding Florida market.

FOR SALE DETAILS

PRICE

$2,150,000 USD

PRICE/SF

$3,318 USD /SF

# OF UNITS

24

PRICE/UNIT

$89,583

CAP RATE

5.76%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Manufactured Housing/Mobile Housing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1960

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.1 AC

LAND SF

91,476 SF

ZONING

RSF-1

APN/PARCEL ID

20837-0005-0,20844-0005-6

ASK ABOUT THIS PROPERTY

Ryan HoffmanWagner RealtyMore Info
941-773-9184

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Ryan HoffmanWagner RealtyMore Info
941-773-9184

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.