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Chestnut Mobile Home Park 725 N Chestnut Rd 12 Unit Mobile Home Park $1,533,488 CAD ($127,791 CAD/Unit) 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.
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$205,348
|
$20.53
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$10,267
|
$1.03
|
| Effective Gross Income |
$195,081
|
$19.51
|
| Taxes |
$11,072
|
$1.11
|
| Operating Expenses |
$27,882
|
$2.79
|
| Total Expenses |
$38,953
|
$3.90
|
| Net Operating Income |
$156,127
|
$15.61
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $205,348 |
| Annual Per SF | $20.53 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $10,267 |
| Annual Per SF | $1.03 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $195,081 |
| Annual Per SF | $19.51 |
| Taxes (CAD) | |
|---|---|
| Annual | $11,072 |
| Annual Per SF | $1.11 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $27,882 |
| Annual Per SF | $2.79 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $38,953 |
| Annual Per SF | $3.90 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $156,127 |
| Annual Per SF | $15.61 |
Property Facts
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Tub/Shower
- Pantry
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Trash Pickup - Curbside
- Walk-Up
- Smoke Detector
1 1
Fairly walkable
40/100
Exceptionally drivable
90/100
Limited public transit
30/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Numbers | Total Assessment | $512,316 CAD | |
| Land Assessment | $15,784 CAD | Annual Taxes | $11,072 CAD ($1.11 CAD/SF) |
| Improvements Assessment | $215,017 CAD | Tax Year | 2025 |
Property Taxes
Parcel Numbers
Land Assessment
$15,784 CAD
Improvements Assessment
$215,017 CAD
Total Assessment
$512,316 CAD
Annual Taxes
$11,072 CAD ($1.11 CAD/SF)
Tax Year
2025
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Chestnut Mobile Home Park | 725 N Chestnut Rd
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