170 NE Craig Ave - Manufactured Housing/Mobile Housing FOR SALE


Lake City, FL 32055- Watertown
$950,000 USD
845-416-0732
170 NE Craig Ave, Lake City, FL for Sale
$950,000 USD
Manufactured Housing/Mobile Housing - FOR SALE
1/10
null | 9.47% Cap Rate

170 NE Craig Ave
Lake City, FL 32055
Watertown


HIGHLIGHTS

  • Stabilized Property with Strong Operational Fundamentals
  • Balanced Unit Composition
  • Infrastructure Improvements Completed
  • Prime Affordable Housing Market

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$950,000 USD

PRICE/SF

$9 USD /SF

# OF UNITS

12

PRICE/UNIT

$79,167

CAP RATE

9.47%

% LEASED

91%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

East Lake City Mobile Home Park

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Manufactured Housing/Mobile Housing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2000

PARKING SPACES

24

LAND DETAILS

LAND ACRES

3.63 AC

LAND SF

158,238 SF

ZONING

MH

APN/PARCEL ID

33-3S-17-06500-001

ASK ABOUT THIS PROPERTY

Thomas OldenborgRE/MAX Premier Realty of Ocala Inc.More Info
845-416-0732

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Thomas OldenborgRE/MAX Premier Realty of Ocala Inc.More Info
845-416-0732

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