Stabilized 24-Unit Multifamily Investment

For Sale

3105 Penny Loop, Lake Wales, FL 33859

This Lake Wales property for sale is located at 3105 Penny Loop. The general use of Stabilized 24-Unit Multifamily Investment is multi-family and it incorporates 15,406 square feet of class C multi-family space. The current listed sale price for Stabilized 24-Unit Multifamily Investment is $2,900,000. Stabilized 24-Unit Multifamily Investment is situated on a lot that is 1.85 acre in size.

Contacts

Michael Mutz

Saunders Real Estate

Property Details

  • Property Type Multi-Family
  • Property Size 15,406 SF
  • Units 24
  • Lot Size 1.85 Acre
  • Building Class C
  • Date Updated Oct 2, 2026
Located in Lake Wales, Florida, this multifamily property offers convenient access to major roadways and surrounding Central Florida markets. The property is situated along US Highway 27, a major north-south corridor, with connectivity to State Road 60 and Interstate 4. Its location provides access to nearby cities, including Winter Haven, Haines City, Bartow, and Lakeland, as well as the larger Orlando and Tampa metropolitan areas. The surrounding area offers access to regional employment centers, shopping, dining, and recreational amenities throughout Polk County.New Harmony Mobile Home Park in Lake Wales, FL presents a compelling multifamily investment opportunity offering 15,406 SF across 24 units. Currently 92% occupied, the asset offers in-place income with additional upside through one open pad and legacy rent potential. The property includes a 23-pad park and a duplex built in 2009, with 22 mobile homes currently on site. This all park-owned mobile home park sits on 1.85 acres and benefits from individually metered electric, supporting efficient operations. Zoned LCC, the property has been under the same ownership for 28 years, reflecting long-term stewardship and operational consistency.
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Highlights

  • 15,406 SF property
  • 22 mobile homes currently on site
  • 23-pad park plus duplex configuration
  • 24-unit mobile home park investment opportunity
  • 92% occupied with in-place income
  • All park-owned community
  • Duplex built in 2009
  • Individually metered electric supports operational efficiency
  • Legacy rent upside potential
  • One open pad offers additional income potential
  • Situated on 1.85 acres
  • Under the same ownership for 28 years
  • Zoned LCC

Attachments

Getting around

  • 16/100

    Walk Score ®

  • 29/100

    Bike Score ®

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Location

  • City Lake Wales, FL
  • Zip Code 33859
  • Market Tampa St Petersburg Clearwater

Points of Interest

  • Circle K

    1.06 miles

  • Shell

    1.67 miles

  • Sunoco

    2.86 miles

  • RaceTrac

    3.07 miles

  • Murphy USA

    3.22 miles

  • Citgo

    7.07 miles

  • Wawa

    7.16 miles

  • Marathon

    8.61 miles

  • Crooked Lake Prairie Parking

    3.92 miles

  • Lake Wales Inn

    2.20 miles

  • Travel Inn

    2.32 miles

  • Blue Star Lodge

    2.33 miles

  • Budget Inn

    2.49 miles

  • Lagoon Inn Motel

    2.51 miles

  • Grove Motel

    2.69 miles

  • Seminole Hotel Apartments

    3.27 miles

  • Towerview Motel

    4.46 miles

  • Hampton Inn & Suites

    6.47 miles

  • Holiday Inn Express Lake Wales N-Winter Haven

    7.56 miles

  • Publix

    2.46 miles

  • Winn-Dixie

    3.02 miles

  • Save-A-Lot

    3.18 miles

  • Walmart Supercenter

    3.21 miles

  • Eagle Ridge Mall

    6.92 miles

  • ALDI

    7.19 miles

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