The community, which sold for $904,000, has been family-owned and operated since it was built in 1970 on 4.1 acres, and was acquired by a private investor.
“Both the buyer and seller are local Lakeland residents and have a background in (MHCs). The buyer sees an opportunity to capture upside in this investment by filling the vacant lots and rental homes,” said Hurd.
Marcus & Millichap is a significant player in the marketing of MHCs and has a current listing value of $45.9 million. ##
(Photo credit: Marcus & Millichap–Country Villa Mobile Home Park)
