Business Opportunity · Multi Family (5+)
728 N CHESTNUT ROAD, LAKELAND, FL, 33815
Active139 days on marketListed Mar 20, 2026MLS #S5146101
About this property
The property at a glance
Income-producing mobile home park in Lakeland, FL, featuring 5 mobile homes. The property sits on approximately 0.45 acres (±19,600 SF) and currently generates a $9,000 monthly rent roll with low operating expenses of approximately $1,600 month, offering strong cash flow. Two of the mobile homes have been configured into duplex-style units, increasing the total number of income-producing units. Each unit includes a designated laundry area. The property also features security cameras, on-site storage, backup refrigerator, and spare A/C unit. Strategically located between Tampa and Orlando, this property benefits from strong population growth and high demand for affordable housing in Central Florida. Cash deal. Buyer to verify all information, zoning, and measurements.
576
Building sq ft
$1,109
Price / sq ft
0.4
Lot acres
1981
Year built
5
Units
5
Buildings
Multi Family (5+)
Property type
The numbers
Investment snapshot
$43,440
Gross income (yr)
$127,800
Price / unit
5
Units
Estimated payment (illustrative)
Estimated payment
$3,178/mo
Illustrative only. Commercial loans are underwritten on the property’s income (DSCR, cap rate) — typically 25–35% down with lender-set terms. Ask a commercial lender for real numbers. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. Your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.
Financing
Commercial financing works differently from a home loan — expect roughly 25–35% down with terms driven by the property’s income and your lender’s underwriting (DSCR, cap rate), not FHA or VA programs. Ask David to connect you with a commercial lender for real numbers.
Where it sits
Location & trade area
The area
Who's around this property
10,023
Population
$45,211
Median income
47
Median age
2
Avg household
$79,754
Median home value
$852/mo
Median rent
920
Households w/ kids
Consumer profile
These folks have their head in the game. Whether it's creating a card game tournament with friends or cheering on the home team, these people want to win.
Ready to turn up when the sun goes down, this population is looking for nighttime entertainment at home or out on the town.
These people aren't afraid to nerd out. Common activities include comic books, video games, and often intellectual pursuits.
From tryouts and casual pick-up games, to varsity tournaments and intramural matches, this population includes people who participate in organized athletics. Often through schools or public recreational areas.
When it comes to entertainment, this population is looking for the ultimate experience. Whether it's a charity fundraiser or a concert, elements such as lights, sounds, and merchandise are critical for a good time.
Making it to church on Sunday, this population is drawn together by their devotion to, primarily Christian, religion. Common activities include worship services and bible studies.
Recent sales
What actually sold near 728 N CHESTNUT ROAD
The most comparable commercial properties that changed hands nearby. No two are identical — ask us for a full comparative analysis.
$3,600
213 KERNEYWOOD STREET UNIT 6
3,496 sqft · $1/sqft · Sold Dec 23, 2024
$8,100
213 KERNEYWOOD STREET UNIT 11
3,496 sqft · $2/sqft · Sold Sep 9, 2025
$68,305
1910 LAKELAND HILLS BOULEVARD
4,302 sqft · $16/sqft · Sold Jul 28, 2025
Your team
The pros in your corner
Your agent
David Ramirez
Real Estate Agent · CENTURY 21 Edge
Tours, offers, and every question about 728 N CHESTNUT ROAD — start here.
Financing contact
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Ask about commercial financing options for 728 N CHESTNUT ROAD.
See it in person
Schedule a tour
Pick a day that works — this goes straight to David's phone and CRM.
Keep looking
Similar properties nearby
Listing courtesy of AROD PARTNERS REALTY · Alejandro Rodriguez. MLS #S5146101.
IDX information is provided exclusively 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. Data is deemed reliable but is not guaranteed accurate by Stellar MLS.
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