Contact Information
Mobile Home Park Details
- Price: $725,000
- Cap Rate: 7.3%
- Listing ID: 6913988
- Posted On: Jun 9, 2025
- Updated On: Jun 9, 2025
Description
ComReal is pleased to exclusively present the opportunity to acquire Shady Oaks Mobile Home Park in Lake City, FL. Comprised of 13 park owned homes, this is an excellent opportunity for an individual investor to acquire
an income producing real estate asset in one of Florida’s fastest growing cities. The park has been owned by
the same operator for nearly 8 years and the long term quality tenants are currently paying 25% below market rents. Featuring a new well and existing septic, the new owner benefits from low cost utilities while capturing the difference in rent. Two of the units are nearing completion of rehab and the park will be delivered 100% occupied at closing with a resulting increase in monthly rent roll from $7,900 to $9,400. The community is located in a peaceful country setting yet is located less than 2 miles from I-75 and downtown Lake City featuring all major retailers, hospitals, schools, a golf course and Gateway City College.
Location
Lake City, known as the “Gateway to Florida” is experiencing some of the fastest population growth in Florida due to its business friendly climate, tax benefits and location at the intersection of I-75 and I-10. The City offers excellent connectivity between the major cities of Jacksonville and Tallahassee resulting in growing logistics and business operations as well as the service industries that support them. Major employers include Advent Health, UF Health, HAECO Aviation Services, Packaging Corp of America, Steel Dynamics, and Frito-Lay. Demand for affordable housing has never been higher in the area and Shady Oaks MHP is a well-positioned asset and stands ready to achieve continual rent growth and maintain 100% occupancy into the future.
Park Information
Number of MH Lots: | 13 |
Total Occupancy: | 100.0 % |
Size: | 2 acre(s) |
Utility Information
Water: | Well |
Sewer: | Septic |