148 Dove Ct - Manufactured Housing/Mobile Housing FOR SALE


Lake City, FL 32025
$880,000 USD
321-747-3217
148 Dove Ct, Lake City, FL for Sale
$880,000 USD
Manufactured Housing/Mobile Housing - FOR SALE
1/10
null | 11.45% Cap Rate

148 Dove Ct
Lake City, FL 32025


HIGHLIGHTS

  • 14 Total Rentable Units – 13 park-owned homes + 1 RV site
  • Low Cost Utilities – Individually metered electric (Tenant Paid), well water, and septic
  • Below-Market Rents – Immediate upside potential through rent increases
  • Value-Add Opportunity – Possibility to sell the larger rear parcel

OVERVIEW

Country Acres Mobile Home Park presents a rare opportunity to acquire a well-maintained, cash-flowing asset with built-in value-add potential. The park features 13 park-owned manufactured homes and 1 RV site, totaling 14 rentable units. All homes have been carefully maintained, with build years ranging from 1985 to 1994 and unit sizes ranging from 672 SF (2 bed/1 bath) to 1,848 SF (3 bed/2 bath doublewide). Each home has been updated over time with improvements such as metal roofing, modern flooring, interior paint, and other upgrades, ensuring long-term durability and tenant satisfaction. The property is serviced by well water, individual septic systems, and separately metered electricity — with tenants responsible for their own utility costs. Current rental rates offer immediate potential for increased revenue by bringing rents up to market levels. The park includes a larger parcel at the rear of the property that may offer an opportunity for providing multiple exit or expansion strategies for a savvy investor. Country Acres Mobile Home Park is ideal for investors seeking stable returns with room to grow. Whether you're looking for a turnkey asset or a strategic value-add opportunity, this property offers the best of both worlds.

FOR SALE DETAILS

PRICE

$880,000 USD

PRICE/SF

$69 USD /SF

# OF UNITS

14

PRICE/UNIT

$62,857

CAP RATE

11.45%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Country Acres Mobile Home Park

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Manufactured Housing/Mobile Housing

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1985

PARKING SPACES

-

LAND DETAILS

LAND ACRES

15.19 AC

LAND SF

661,676 SF

ZONING

-

APN/PARCEL ID

11-5S-17-09205-003,11-5S-17-09206-000

ASK ABOUT THIS PROPERTY

Christopher MinchinThe Apartment KingMore Info
321-747-3217

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Christopher MinchinThe Apartment KingMore Info
321-747-3217

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