ComReal is pleased to exclusively present the opportunity to acquire Lake Harper Villas MHC in Lake City, FL. This lakefront community consists of 69 units and is 98% occupied with a single rehab underway which will be complete and rented at closing. Lake City is known as the “Gateway to Florida” and the community is ideally located in a suburban setting with immediate access to downtown Lake City as well as I-75 and I-10, two of the largest travel corridors in Florida. Lake Harper has been under the same ownership and management for nearly 20 years and the operator has carefully vetted the current tenant base while maintaining the property with below market lot rents of $395/month. When vacancies do occur, the units are immediately rehabbed and backfilled with a flood of prospective tenants to select from. The unit mix is a combination of well maintained single and double wide homes situated on large lots with 22 park owned homes and 47 tenant owned homes on direct billed city utilities.