515 E 77th St 24 Unit Mobile Home Park $2,150,000 ($89,583/Unit) 5.76% Cap Rate Palmetto, FL 34221

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.