SPRING LAKE ESTATES MOBILE HOME PARK & APARTMENTS

Turnkey, High-Occupancy Asset with Immediate Upside – 35 total units consisting of 30 mobile home lots and 5 apartments, currently 94% occupied. Rents are below market, creating an opportunity to increase lot rents (currently $660/month) and implement utility bill-backs. The property includes 29 tenant-owned homes and spans 6.3 acres.
Attractive Financials and Strong Yield Potential – Projected Year 1 NOI of $222,815 with a 34% expense ratio and a 8.40% cap rate. With rental comps in the area ranging up to $900 per month, validating rent growth potential.
Located in One of Florida’s Fastest-Growing MSAs – Situated in Lake Wales, FL (Polk County), part of the Lakeland–Winter Haven MSA — one of the fastest-growing regions in the U.S. with 4% annual population growth and strategic access to both Orlando and Tampa via State Road 60.
Robust Local Economy Anchored by Major Employers – Home to Publix Super Markets HQ, Amazon, GEICO, and Lakeland Regional Health. Polk County boasts a $3.9B manufacturing GDP and has attracted over 100 new manufacturers in the past five years, fueling local job and housing demand.
Strong Demand for Affordable Housing – Rapid population growth, limited housing inventory, and rising single-family home prices have created high demand for manufactured housing. This property is well positioned to capture long-term renters, retirees, and working families seeking affordable living options.

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