Lakeview Estates Mobile Home Park 1 Richard Keen Rd 74 Unit Mobile Home Park $4,750,000 ($64,189/Unit) 7.03% Cap Rate Pahokee, FL 33476

Mobile home parks are rarely available in Palm Beach County, making this a unique opportunity to acquire a stabilized, income-producing asset with significant upside. The property features 74 lots with the ability to expand to approximately 120 lots, offering a substantial value-add opportunity through infill development. This property offers a highly efficient, low-expense operating model with strong, consistent cash flow.

Since acquiring the property in 2022, ownership has executed a full operational overhaul. This includes eliminating cash payments in favor of a structured, trackable payment system, and removing non-paying tenants resulting in stronger collections, improved tenant quality, and more reliable income. In addition, the property has undergone significant physical improvements, including road repaving, LED lighting installation, extensive tree trimming, security camera systems, and overall community clean-up, creating a safer, more attractive environment that supports continued rent growth.

The majority of homes are tenant-owned (71 out of 74), providing a low-maintenance, high-margin income stream. The property is serviced by city water and sewer, eliminating the risks associated with private utility systems. Tenants are responsible for their own utilities.

With proven operational improvements, and clear expansion potential, this is a turnkey yet value-add investment in one of the most supply-constrained markets in South Florida.