Log In/Sign Up
Your email has been sent.
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
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
1 of 11
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
East Lake City Mobile Home Park | 170 NE Craig Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.