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Posts Tagged ‘lakeland florida’

Marcus & Millichap Arrange sale of Fla. Manufactured Home Community

January 8th, 2016 Comments off

marcus_&_millichap__oak_meadows_mobile_home_parkMHProNews has been informed by Marcus & Millichap that the real estate investment services firm has arranged the sale of Oak Meadows Mobile Home Park in Lakeland, Fla. for $1,125,000.

Dan Mulkey of M&M’s Tampa Bay office represented both buyer and seller in the transaction. The 9.8 acre manufactured home community (MHC) is comprised of 52 home sites.

Although neither the buyer nor seller were identified, M&M states the seller was a limited liability company (LLC) from the state of Washington, and the seller an LLC from Lakeland.

Mulkey, noting the sites are home rentals, said the buyer intends to upgrade the rental units and backfill the vacant sites. ##

(Photo credit: Marcus & Millichap–Oak Meadows Mobile Home Park)

matthew-silver-daily-business-news-mhpronews-comArticle submitted by Matthew J. Silver to Daily Business News-MHProNews.

Marcus & Millichap Arrange Sale of Florida Manufactured Home Community

July 20th, 2015 Comments off

marcus millichap country villa mobile home park mhc in lakeland flaCommercial real estate investment services firm Marcus & Millichap (NYSE:MMI) has informed MHProNews that Daniel Hurd and Dan Mulkey of their Tampa office arranged the sale of Country Villa Mobile Home Park in Lakeland, Florida. The 45-home site senior manufactured home community (MHC), a mix of single and multi-section homes, consists of eight rented sites, 29 community-owned homes and eight vacant sites.

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)

matthew-silver-daily-business-news-mhpronews-comArticle submitted by Matthew J. Silver to Daily Business News-MHProNews.

Fire Fee in Florida Disproportionately Affects Manufactured Home Residents

June 16th, 2015 Comments off

nobility homes  their credit  florida companyResidents of manufactured homes with a taxable value under $61,000 in Lakeland, Florida will have to pay a disproportionate amount of the proposed fire assessment fee policy compared to other residents of the city, according to a methodology used to determine the fee.

Bill Brent of the Federation of Manufactured Home Owners asked the city to reconsider the method of determining the fee, but Mayor Howard Wiggs said it is too late, the commissioners are gong to vote on the proposal in three weeks, and he did not want to start the process all over again.

Brent suggested the city use the Cape Coral plan, as it was affirmed by the Florida Supreme Court. According to theledger, the entire year Lakeland has been considering a fire fee, the Cape Coral method was under threat of repeal, although the city commissioners may use a different model to assess the fee in the future.

Commissioner Don Selvage agreed the fee is regressive and that it has a disproportionate impact on those of lower incomes, as MHProNews has learned. He suggested the commission set a lower target in terms of the amount of revenue that needs to be raised, and to increase the property tax rate to achieve it and thereby lower the fire fee. ##

(Image credit: Nobility Homes)

matthew-silver-daily-business-news-mhpronews-comArticle submitted by Matthew J. Silver to Daily Business News-MHProNews.

MHC in Florida Sold to Illinois Co.

June 21st, 2012 Comments off

SouthFloridaRealEstate tells us the Stoll Manor Mobile Home Park in Lakeland, Florida has been sold to an Illinois buyer for $2.15 million. Stoll Manor is an all-age community founded by C.J. Stoll in 1993 with 239 home sites and several exercise amenities. Dan Mulkey, investments vice president in the Tampa office of Marcus & Millichap (M&M) who engineered the deal, in a phone conversation told MHProNews that Donna Baylor, president of CJStoll, Inc. represented the seller. Mulkey supplied figures indicating M&M’s sales reached $17 billion in 2011, $346 million of which were National Manufactured Home Communities sales resulting from 69 transactions. While the buyer was not officially identified, one source told MHProNews that the buyer was Lakeshore. That has not yet been confirmed.

(Photo credit: citybizlist)