East Lake City MHP

170 NE Craig Ave, Lake City, FL 32055

Property Information

  • 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

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

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