ComReal is pleased to exclusively present the opportunity to acquire Shady Oaks Mobile Home Park, an income-producing manufactured housing community located in Lake City, Florida.
This well-maintained park consists of 13 park-owned homes and represents an ideal investment opportunity for an individual investor seeking stable cash flow in one of Florida’s fastest-growing markets. The current ownership has operated the park for nearly eight years, fostering long-term, quality tenants who are currently paying rents approximately 25% below market levels.
Shady Oaks benefits from a newly installed well and existing septic system, allowing for low utility costs and increased net operating income. Two homes are nearing completion of renovation, and the property will be delivered fully occupied at closing. Upon completion, the monthly rent roll is projected to increase from $7,900 to $9,400.
The community is situated in a quiet, rural setting with excellent accessibility. It is located less than two miles from I-75 and downtown Lake City. The surrounding area includes major retailers, hospitals, schools, a golf course, and Gateway City College.
Lake City, known as the “Gateway to Florida,” is one of the state’s fastest-growing regions due to its pro-business environment, favorable tax climate, and strategic location at the intersection of I-75 and I-10. The city serves as a key connection between Jacksonville and Tallahassee and is experiencing growth in logistics, aviation, and service industries.
Major employers in the area include AdventHealth, UF Health, HAECO Aviation Services, Packaging Corporation of America, Steel Dynamics, and Frito-Lay. With strong demand for affordable housing in the region, Shady Oaks Mobile Home Park is well-positioned to capture ongoing rent growth while maintaining full occupancy into the future.