- For Sale $950,000
- Property Type Multi-Family
- Property Size 12,408 SF
- Units 12
- Lot Size 1.74 Acre
- Property Tenancy Multi-Tenant
- Year Built 1997
- Date Updated Jan 22, 2026
Description
"Gateway to Florida" - located at the major interchange of I-75 and I-10. This constant flow of transportation, logistics, tourism, and workforce mobility makes it one of the most stable rental markets in North Central Florida.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.
Highlights
- Balanced Unit Composition
- Infrastructure Improvements Completed
- Prime Affordable Housing Market
- Stabilized Property with Strong Operational Fundamentals
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Contacts
Thomas Oldenborg
Thomas Oldenborg - RE/MAX Commercial - Premier Realty
Location
Located at 170 NE Craig Ave, Lake City, FL 32055, this property is part of the Watertown neighborhood.
Contact Listing Broker
Thomas Oldenborg
Thomas Oldenborg - RE/MAX Commercial - Premier Realty