725 N Chestnut Rd - Multi-Family FOR SALE


Lakeland, FL 33815- City of Lakeland
$1,100,000 USD
866-468-6487
725 N Chestnut Rd, Lakeland, FL for Sale
$1,100,000 USD
Multi-Family - FOR SALE
1/8
null | 10.15% Cap Rate

725 N Chestnut Rd
Lakeland, FL 33815
City of Lakeland


HIGHLIGHTS

  • Value Add Rental Upside
  • Strong Cash Flow Day One
  • Low Operating Expenses

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,100,000 USD

PRICE/SF

$110 USD /SF

# OF UNITS

12

PRICE/UNIT

$91,667

CAP RATE

10.15%

% LEASED

95%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Chestnut Mobile Home Park

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

ADD'L SUBTYPES

Manufactured Housing/Mobile Housing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1970

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.54 AC

LAND SF

110,642 SF

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Joe LaFleur100Units.comMore Info
866-468-6487

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Joe LaFleur100Units.comMore Info
866-468-6487

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