11649 E Highway 25 - Manufactured Housing/Mobile Housing FOR SALE


Ocklawaha, FL 32179
$2,500,000 USD
813-269-1144
11649 E Highway 25, Ocklawaha, FL for Sale
$2,500,000 USD
Manufactured Housing/Mobile Housing - FOR SALE
1/8
null | 3.28% Cap Rate

11649 E Highway 25
Ocklawaha, FL 32179


HIGHLIGHTS

  • Net Operating Income (NOI): In-Place: $82K Stabilized: $205K Forward Cap Rate: 8.2%
  • Lease-up opportunity for 3 vacant pads and under-utilized units.
  • Two commercial buildings (auto lift + food & beverage/storage) offer additional cash flow potential.
  • Offered at approximately $1M below the estimated $3.5M+ replacement cost.
  • Situated in the Ocala–The Villages corridor, one of Florida’s fastest-growing MHC/RV markets.

OVERVIEW

Bowers Landing Lakefront presents a unique opportunity to acquire a four-parcel, lakefront manufactured housing community in Ocklawaha, Florida. Situated along East Highway 25, the property combines existing in-place cash flow with a clear, actionable value-add strategy, making it ideal for long-term holds or redevelopment. The property benefits from a self-contained utility setup with well and septic systems, supporting operational efficiency and reducing municipal reliance. The community consists of 22 rental units (mobile homes, apartments, and a single-family residence), plus three additional vacant MH pads documented via affidavit, and two unused commercial buildings with potential for ancillary income or redevelopment. The site spans 7.0± acres with direct private lake access, and concrete/dirt boat ramps, creating multiple paths for optimization or expansion. Current ownership is a single operator who has managed the property conservatively since 2022. As a result, the community operates with 40%+ vacancy, offering a significant lease-up and rent optimization opportunity. This under-management provides immediate upside for investors who bring professional management and capital allocation. The property benefits from its location in the Ocala–The Villages growth corridor, one of Florida’s fastest-expanding regions driven by in-migration, logistics growth, and The Villages’ continued residential expansion. This dynamic setting creates robust demand for both affordable housing and RV sites.

FOR SALE DETAILS

PRICE

$2,500,000 USD

PRICE/SF

$144 USD /SF

# OF UNITS

22

PRICE/UNIT

$113,636

CAP RATE

3.28%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Lakefront MH & RV Park

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Manufactured Housing/Mobile Housing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1981

PARKING SPACES

13

LAND DETAILS

LAND ACRES

7.32 AC

LAND SF

319,073 SF

ZONING

PMH

APN/PARCEL ID

4496-007-000,4496-010-002,4496-011-001,4496-011-003

ASK ABOUT THIS PROPERTY

Steven EkovichLeisure Investment Properties GroupMore Info
813-269-1144

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Steven EkovichLeisure Investment Properties GroupMore Info
813-269-1144

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.