Stabilized 24-Unit Multifamily Investment

3105 Penny Loop, Lake Wales, FL 33859

Accepting Offers
Stabilized 24-Unit Multifamily InvestmentStabilized 24-Unit Multifamily InvestmentStabilized 24-Unit Multifamily InvestmentStabilized 24-Unit Multifamily Investment
Asking Price

$2,900,000

Stabilized 24-Unit Multifamily Investment

3105 Penny Loop, Lake Wales, FL 33859

Asset Type: Real Estate

Estate: Fee Simple

Land Area: 1.85 Acres

Number of Units: 24

Property Type: Multifamily

Occupancy %: 92

Number of Floors: 1

Property Size: 15,406 SF

Investment Highlights

  • 24-unit mobile home park investment opportunity
  • 23-pad park plus duplex configuration
  • 22 mobile homes currently on site
  • One open pad offers additional income potential
  • 92% occupied with in-place income
  • All park-owned community
  • 15,406 SF property
  • Duplex built in 2009
  • Situated on 1.85 acres
  • Individually metered electric supports operational efficiency
  • Zoned LCC
  • Under the same ownership for 28 years
  • Legacy rent upside potential

Stabilized 24-Unit Multifamily Investment

New Harmony Mobile Home Park in Lake Wales, FL presents a compelling multifamily investment opportunity offering 15,406 SF across 24 units. Currently 92% occupied, the asset offers in-place income with additional upside through one open pad and legacy rent potential. The property includes a 23-pad park and a duplex built in 2009, with 22 mobile homes currently on site. This all park-owned mobile home park sits on 1.85 acres and benefits from individually metered electric, supporting efficient operations. Zoned LCC, the property has been under the same ownership for 28 years, reflecting long-term stewardship and operational consistency.

Sale FAQs

Investment Sales Broker

Michael Mutz

Michael Mutz

Saunders Real Estate

Phone: XXXXXXXXXX

Email: XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX

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