Lakeland Village

Lakeland Village

Lakeland , FL
Available
  • Property Type: Manufactured Housing
  • Property Size: / 4 Acres / 67 Sites

Overview

Capstone Manufactured Housing is pleased to present Lakeland Village, featuring 34 MH sites and 33 RV Sites. Strategically located in Central Florida, the Lakeland-Winter Haven MSA is the fastest-growing county in Florida and the seventh-fastest growing area in the United States. The Lakeland housing market, like most markets in Florida, has skyrocketed despite the low inventory. Since the population is growing so rapidly, the demand for housing is increasing as well. The soaring home prices and high apartment rents leave much of the population asking for affordable housing.

Although the community is made up of half MH and half RV sites, the park is almost always occupied. Most of the RV residents are long-term, and when there is a vacant lot, it typically gets filled quickly. The demand for RV sites is so high that they currently have a waiting list for the RV sites. Furthermore, around 84% of the manufactured housing communities in the area are 55+ age-restricted communities. Lakeland Village is one of the only all-ages communities in the market. This offer presents investors with an opportunity to acquire a fully occupied MH/RV community in the fastest-growing market in Florida.

Investment Highlights

100% Occupancy, With RV Waiting List

Majority Of RV Residents Are Long-Term

Below Market Rents

One Of The Few All-Ages Communities In Lakeland

Opportunity To Billback Electric to Half of the RV Residents

Recent Capital Improvements

Opportunity To Pass on Ad Valorem and Non-Ad Valorem Taxes to Residents

Contact Information

Kevan Enger Partner P: 407.494.8541
O: 800.261.9464 ext. 704
kevan@capstone-companies.com
Ian Hilpl Director P: 315.406.0900
O: 800.261.9464 ext. 708
ian@capstone-companies.com
Brian Hummell Senior Investment Sales Advisor P: 614.318.5482
O: 800.261.9464 ext. 711
hummell@capstone-companies.com
Hunter LaRocca Investment Sales Advisor P: 407.227.9643
O: 800.261.9464 ext. 712
hunter@capstone-companies.com
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