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725 N Chestnut Rd - Chestnut Mobile Home Park 12 Unit Apartment Building Offered at $1,100,000 at a 10.15% Cap Rate Lakeland, FL 33815
Investment Highlights
- Value Add Rental Upside
- Low Operating Expenses
- Strong Cash Flow Day One
Executive Summary
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.
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.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$147,300
|
$14.73
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$7,365
|
$0.74
|
| Effective Gross Income |
$139,935
|
$13.99
|
| Taxes |
$7,942
|
$0.79
|
| Operating Expenses |
$20,000
|
$2.00
|
| Total Expenses |
$27,942
|
$2.79
|
| Net Operating Income |
$111,993
|
$11.20
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $147,300 |
| Annual Per SF | $14.73 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $7,365 |
| Annual Per SF | $0.74 |
| Effective Gross Income | |
|---|---|
| Annual | $139,935 |
| Annual Per SF | $13.99 |
| Taxes | |
|---|---|
| Annual | $7,942 |
| Annual Per SF | $0.79 |
| Operating Expenses | |
|---|---|
| Annual | $20,000 |
| Annual Per SF | $2.00 |
| Total Expenses | |
|---|---|
| Annual | $27,942 |
| Annual Per SF | $2.79 |
| Net Operating Income | |
|---|---|
| Annual | $111,993 |
| Annual Per SF | $11.20 |
Property Facts
1 1
Fairly walkable
40/100
Exceptionally drivable
90/100
Limited public transit
30/100
Somewhat bikeable
30/100
1 of 9
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725 N Chestnut Rd - Chestnut Mobile Home Park
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