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5520 3rd St
Off-Market Call for Pricing
Call for Pricing
- 8 Units
- 1,800 Sq Ft
- 56,876 Sq Ft
- Unknown Cap Rate
Description
Great Investment Opportunity with stable income stream in Lakeland/Highland City, Florida! Located in a prime area just off the high-traffic State Road 98, a walk distance to restaurants and shopping plaza. This well-maintained mobile home park offers a fantastic opportunity for both new investors or those looking to expand their portfolio.
Key Features:(1) 8 total spaces include 2 rent-to-own homes—will be fully tenant-owned by 2026—and 5 tenant-owned homes with lot rent only) 1 vacant space with significant potential (2) Well-run park with strong tenant retention and consistent revenue streams. (3) Tenants are separately metered for water and electric City water with 3 septic tanks.
Financials:*Gross Revenue: $54,428 *Estimated Expenses: $12,122 * NOI $42,305 and CAP Rate 7.18% *Potential for an additional $15,000+ in revenue by increasing lot rents and implementing trash charge-backs *Filling the vacant space could bring an additional $14,400-$16,800 annually.
Investor Opportunity: Your proforma Cap Rate 9.48% with minimal effort. This property is ready for immediate returns with plenty of room for growth. Don’t miss out on this exceptional opportunity to secure a solid, income-generating asset in a rapidly growing market!
Owner
Do you own or manage this property?
This is My PropertyAmenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $589,500 |
| Property Type | Multi-Family |
| Usable Sqft | 1,800 |
| Number of Stories | 0 stories |
| Parking Spots | 0 spots |
| Year Built | 2005 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 242914283000020710 |
| MLS # | TB8344133 |
| Property ID | 321258254 |
| Lot Sqft | 56,876 |
| Zoning | R-4 |
| Total Units | 8 |
| Date Updated | September 04, 2025 |
| Date Created | February 10, 2025 |
Financials not available online. Please inquire with your agent for more details.
Listing Provided By
Audrey Johnson an agent of . Lic #3372386
© 2026 STELLAR MLS. All rights reserved. Some listings on this website are from STELLAR as of September 04, 2025 The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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- 30 mins
- America/Phoenix
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Robert Crawford
REAL ESTATE AGENT