Lake City Mobile Home Park Portfolio Multi-Family FOR SALE


Lake City, FL - Watertown
$625,000 USD
321-275-5464
, Lake City, FL for Sale
$625,000 USD
Multi-Family - FOR SALE
1/8
null | 11.08% Cap Rate

Lake City Mobile Home Park Portfolio
Lake City, FL
Watertown


HIGHLIGHTS

  • 10 park-owned homes across two nearby communities in Lake City, Florida
  • Tenants pay utilities, keeping operating expenses very low
  • Diverse unit mix including 1, 2, and 3-bedroom homes
  • Two parks located approximately four miles apart, allowing easy management
  • Located in Lake City near the I-75 / I-10 corridor, a regional employment hub
  • Strong in-place cash flow with 11.08% Day 1 cap rate

OVERVIEW

This offering consists of a 10-unit park-owned manufactured housing portfolio presented by The Apartment King, located across two closely positioned communities in Lake City, Florida: Ruby Mobile Home Park and Country Club Estates. The assets are situated within approximately four miles of each other, creating operational efficiency and allowing for streamlined management within a single submarket. The portfolio is being offered at $625,000 ($62,500 per unit) and currently generates approximately $106,500 in annual in-place income, equating to an 11.08% day-one capitalization rate. From an operational standpoint, the asset benefits from a low-maintenance expense structure, as tenants are responsible for utilities. One community is serviced by city water and sewer, while the second operates on a well and septic system, further contributing to predictable operating costs. Importantly, the properties have no room for expansion or the addition of additional homes, providing investors with a stabilized, fixed-unit footprint and eliminating development or densification risk. No seller financing is available. Located at the convergence of Interstate 75 and Interstate 10, Lake City functions as a regional employment and logistics hub in North Florida, supporting consistent demand for affordable housing and reinforcing long-term occupancy stability. Overall, the portfolio offers a rare combination of immediate cash flow, light operational complexity, and defined, non-expandable asset characteristics, with near-term rent growth potential driven by market alignment.

ASK ABOUT THIS PROPERTY

Christopher MinchinThe Apartment KingMore Info
321-275-5464

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Christopher MinchinThe Apartment KingMore Info
321-275-5464

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