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725 N Chestnut Rd - Chestnut Mobile Home Park 12 Unit Apartment Building Offered at $1,560,900 CAD 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 (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$209,019
|
$20.90
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$10,451
|
$1.05
|
| Effective Gross Income |
$198,568
|
$19.86
|
| Taxes |
$11,270
|
$1.13
|
| Operating Expenses |
$28,380
|
$2.84
|
| Total Expenses |
$39,650
|
$3.96
|
| Net Operating Income |
$158,918
|
$15.89
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $209,019 |
| Annual Per SF | $20.90 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $10,451 |
| Annual Per SF | $1.05 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $198,568 |
| Annual Per SF | $19.86 |
| Taxes (CAD) | |
|---|---|
| Annual | $11,270 |
| Annual Per SF | $1.13 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $28,380 |
| Annual Per SF | $2.84 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $39,650 |
| Annual Per SF | $3.96 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $158,918 |
| Annual Per SF | $15.89 |
Property Facts
1 1
Fairly walkable
40/100
Exceptionally drivable
90/100
Limited public transit
30/100
Somewhat bikeable
30/100
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725 N Chestnut Rd - Chestnut Mobile Home Park
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