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East Lake City Mobile Home Park 170 NE Craig Ave 12 Unit Mobile Home Park $950,000 ($79,167/Unit) 9.47% Cap Rate Lake City, FL 32055
Investment Highlights
- Stabilized Property with Strong Operational Fundamentals
- Infrastructure Improvements Completed
- Balanced Unit Composition
- Prime Affordable Housing Market
Executive Summary
This offering presents a rare opportunity to acquire a **12-lot mobile home park** located in Lake City, Florida - one of North Florida's most reliable and in-demand affordable housing markets. The property offers a balanced mix of tenant-owned homes, rent-to-own contracts, and park-owned units, enabling predictable cash flow with built-in upside through unit renovations and rate optimization.
The park is fully licensed, operating smoothly, and supported by **recent infrastructure upgrades**, including a newly improved drain field and septic
system, significantly reducing near-term capital expenditure risk. A current survey is available for buyer review.
This asset is ideal for both first-time operators entering the mobile home park segment and experienced investors seeking a **low-maintenance,
partially value-add park** in a growth market. NO SELLER FINANCING.
The park is fully licensed, operating smoothly, and supported by **recent infrastructure upgrades**, including a newly improved drain field and septic
system, significantly reducing near-term capital expenditure risk. A current survey is available for buyer review.
This asset is ideal for both first-time operators entering the mobile home park segment and experienced investors seeking a **low-maintenance,
partially value-add park** in a growth market. NO SELLER FINANCING.
Property Facts
| Price | $950,000 | Building Class | C |
| Price Per Unit | $79,167 | Lot Size | 3.63 AC |
| Sale Type | Investment | Building Size | 108,000 SF |
| Cap Rate | 9.47% | Average Occupancy | 91% |
| No. Units | 12 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 2000 |
| Property Subtype | Manufactured Housing/Mobile Home | Parking Ratio | 0.22/1,000 SF |
| Zoning | MH - MH Park | ||
| Price | $950,000 |
| Price Per Unit | $79,167 |
| Sale Type | Investment |
| Cap Rate | 9.47% |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Manufactured Housing/Mobile Home |
| Building Class | C |
| Lot Size | 3.63 AC |
| Building Size | 108,000 SF |
| Average Occupancy | 91% |
| No. Stories | 1 |
| Year Built | 2000 |
| Parking Ratio | 0.22/1,000 SF |
| Zoning | MH - MH Park |
Amenities
Site Amenities
- Trash Pickup - Curbside
1 1
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 33-3S-17-06500-001 | Improvements Assessment | $448,986 |
| Land Assessment | $32,000 | Total Assessment | $480,986 |
Property Taxes
Parcel Number
33-3S-17-06500-001
Land Assessment
$32,000
Improvements Assessment
$448,986
Total Assessment
$480,986
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East Lake City Mobile Home Park | 170 NE Craig Ave
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