Tallahassee MHC

LSI Companies is pleased to present Pete’s Trailer Park, a 55-lot mobile home park in Immokalee, Florida. The property includes 33 park-owned mobile homes (built 2005–2023) and 22 tenant-owned units, all individually metered for water, sewer, and electricity. Pete’s Trailer Park presents a compelling opportunity to acquire a stabilized, income-producing mobile home park in one of Southwest Florida’s most supply-constrained workforce housing markets. Located in Immokalee, a high-demand agricultural and labor-driven submarket, the property benefits from consistent tenant demand, and strong long-term fundamentals. The asset offers investors immediate in-place cash flow with the ability to further enhance returns through operational efficiencies and strategic rent adjustments. The property consists of a well-established community with a mix of tenant-owned and park-owned homes, providing a diversified income stream and reduced capital exposure. Current rents remain below market levels, presenting a clear path for revenue growth through gradual increases and improved management practices. With continued population growth across Southwest Florida and increasing demand for affordable housing options, mobile home parks have emerged as one of the most resilient asset classes in today’s market. Pete’s Trailer Park is uniquely positioned to capitalize on these trends, offering investors a rare opportunity to acquire a high-performing asset with both immediate income and long-term upside potential. This offering represents an attractive balance of stability, growth, and strategic optionality in a rapidly evolving market.

Note: The seller is open to financing and will consider creative financing structures. Sunstone Real Estate Advisors is pleased to present the Lakeland, FL Portfolio, consisting of Southern Oaks and Southwinds MHC, two 55+ manufactured housing communities totaling 66 sites in Lakeland, Florida. The portfolio is 89.4% occupied and includes 36 resident-occupied units, 25 community-owned homes, four vacant lots, and one storage building. Current average site rent is approximately $623 per month, compared to a comparable market average of approximately $732, providing meaningful upside through rental growth, lease-up of the two vacant community-owned homes, and infill of the remaining vacant sites. Both communities feature tenant-direct billed electric and private well water, with Southern Oaks served by septic and Southwinds by a wastewater treatment plant. Strategically located within the Lakeland–Winter Haven MSA, the portfolio benefits from a Central Florida location along the Interstate 4 corridor between Tampa and Orlando. The MSA is home to more than 850,000 residents, while Polk County continues to experience strong population growth and business expansion. Lakeland’s comparatively attainable housing, expanding infrastructure, and convenient access to two of Florida’s largest metropolitan areas support continued demand for manufactured housing and long-term residential growth. The portfolio offers a combination of strong in-place occupancy and identifiable value-add potential through rent growth, vacant home lease-up, and infill. With current rents approximately $109 below the comparable market average, the properties provide an opportunity to increase performance while benefiting from the continued growth of the Lakeland and broader Central Florida market.

Value Add - 2 Contiguous RV Parks with 123 Pads Investment Overview The offering presents an exceptional opportunity to acquire two contiguous mobile home and RV parks—Dew Drop RV Park and Okeechobee Lake RV Park—positioned on a combined 10.2 acres with canal frontage providing direct access to Lake Okeechobee, one of Florida’s most iconic natural landmarks. Property Highlights Dew Drop RV Park Located at 8761 Highway 78 West, Dew Drop was originally developed in 1988 and spans 3.9 acres featuring 57 well-maintained, rent-only pads. The park is thoughtfully designed with dual access points, paved interior roadways, and sub-metered public water with septic infrastructure in place. Tenants are billed for their pro-rata share of water, ensuring efficient operational cost recovery. The property’s layout and mature landscaping reflect a well-established, stabilized community environment. Okeechobee Lake RV Park Situated at 9851 Highway 78 West, Okeechobee Lake RV Park encompasses 66 rent-only pads and offers residents an enhanced living experience with a clubhouse, freestanding bathroom and shower facility, and a utility room for on-site convenience. Tenants are billed for electric as a pass-through expense, supporting consistent NOI performance. Adding to its appeal, the property includes a 6,743± SF commercial building fronting Highway 78—formerly a restaurant—offering tremendous value-add potential for commercial or mixed-use redevelopment, capitalizing on the site’s visibility and frontage. Location & Market Position The parks are strategically located just six miles (approximately 5–10 minutes) from Downtown Okeechobee, providing residents quick access to local shopping, dining, and essential services. This proximity delivers a distinct competitive edge over many comparable parks in the region, which are often located farther from the city’s core. Current lot rents of $450–$500 per month remain below the prevailing market average of approximately $550 per month, offering immediate rent-growth potential and meaningful upside in cash flow through incremental adjustments.

Sunstone Real Estate Advisors is pleased to present Bickford, Iverson & Fritchey Trailer Park, a 43-site manufactured housing community located in Naples, Florida. The property is currently operating at approximately 95% economic occupancy (41 of 43 sites) with an average lot rent of approximately $630 per month, providing stable in-place cash flow. The community benefits from a simple operating structure and strong demand for affordable housing within one of the most supply-constrained and high-cost housing markets in the United States. With only two remaining economically vacant sites, the asset offers immediate upside through stabilization to full occupancy. The property’s positioning within Naples provides a compelling affordability alternative to conventional housing options, where rents are significantly higher across the broader market. The underwriting reflects a value-add strategy centered on rent growth and full occupancy stabilization, with a clear path to increasing revenue through rental realignment. Average rents are projected to increase meaningfully over time, supported by the significant gap between manufactured housing costs and traditional apartment rents in the Naples market. Total revenue is projected to increase from approximately $374,000 currently to ~$640,000 by Year 5, driven primarily by rent increases and stabilization. Net Operating Income is projected to grow from approximately $227,500 to ~$440,000, reflecting both revenue growth and improving operating efficiency. Expense ratios decline from approximately 39% to ~31%, demonstrating operating leverage as revenues scale. Bickford, Iverson & Fritchey Trailer Park presents a compelling opportunity to acquire a stabilized asset with strong in-place cash flow and a clear path to long-term income growth in a high-barrier-to-entry market.

Prime US-1 & Hallandale Beach Blvd. Development Location with Current Income from Mobile Home Park

MHP Brokerage is pleased to bring Edgewater MHP to market, a 34 pad waterfront manufactured housing community with 2 cottages and 4 apartments on 2.85 acres in Riverview, Florida. The property produced $381,240 in 2025 gross income and $229,976 in NOI. At 73% occupancy, upside comes from 11 vacant units: 5 mobile homes, 2 cottages and 4 apartments, with 3 homes ready to rent, 2 of them on the waterfront. Leased at current asking rates, they add about $150,000 a year, and 90% of the park has new roofs, per ownership. Residents are minutes from Brandon and downtown Tampa via US-301, I-75 and the Selmon Expressway. Edgewater MHP sits on the water off Riverview Drive in Riverview, an unincorporated community in southeastern Hillsborough County along the Alafia River, about 13 miles south of downtown Tampa.