Contact Information
Mobile Home Park Details
- Price: $2,500,000
- Purchase Method: Cash, New Loan
- Cap Rate: 8.2% (Pro Forma)
- Listing ID: 6984974
- Posted On: Oct 23, 2025
- Updated On: Oct 23, 2025
Description
Bowers Landing presents a rare, 100% park-owned portfolio of manufactured homes, apartments, a single-family residence, and two commercial buildings — all situated along the southern shoreline of Bowers Lake in Ocklawaha, Florida. This low-density, mixed-use asset offers a compelling value-add opportunity through in-place income, upside from lease-up, rental resets, and repositioning of underutilized structures — including the dark commercial buildings with future redevelopment or income potential.
Key Highlights:
• Lakefront property with direct water access
• All units are park-owned (MHs, apartments, SFR, and two commercial buildings)
• Two dark commercial buildings offer adaptive reuse or income-generation potential
• Low operational intensity and simple layout
• Ideal for investors focused on yield, simplicity, and long-term value creation
Tours by appointment only with broker. Drive-bys are permitted but must be discreet and respectful of residents.
Location
Located in Ocklawaha, near Ocala and the Villages, Bowers Landing sits in a rapidly growing corridor of Central Florida. The area benefits from a strong demand for affordable housing, especially near lakeside communities with access to recreation and natural amenities.
Park Information
| Community Type: | All Age |
| Total Occupancy: | 55.0 % |
| Average MH Lot Rent: | $948 |
| Size: | 7 acre(s) |
Financial Information (Pro Forma)
| Gross Income: | $307,457 |
| Operating Expense: | $102,408 |
| Net Operating Income: | $205,049 |
| Expense Ratio: | 33.3 % |
| Debt Info: | Conventional debt modeled at $1.625M (65% LTV), 6.5% fixed, 25-yr am. No seller financing. 1.64x DCR on Yr 5 NOI. Projections based on lease-up, rent resets, light repositioning. Buyer to verify all. |
Utility Information
| Water: | Well |
| Water Paid By: | Park |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 22 |
| Average Rent for Park-owned Homes: | $948 |