Cedar Pines MHP - Assumable Debt Available

Located at 224 SE Davie Ct in Lake City, this mobile home park sits at the crossroads of Interstate 75 and Interstate 10, a prime North Florida logistics and commuter corridor known as the "Gateway to Florida".This 33-lot mobile home park in Lake City FL offers strong in-place income of $101,693 annually with significant value-add upside and an assumable 5.5% fixed rate note of $632k not due until 2044! The community includes 20 tenant-owned homes paying $500/month lot rent, 3 vacant park-owned homes previously rented at $800/month, 4 ready vacant lots, and 6 additional lots requiring clearing for reactivation. Utilities include city water and septic, with manageable annual expenses (water $12K, lawn $2.1K, maintenance $5K, taxes $19.6K).