Contact Information

Jose Villao

LIPG

CONTACT BROKER

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, SFR, and apartments along the southern shores of Bowers Lake in Ocklawaha, Florida. This low-density, mixed-use asset offers a unique value-add opportunity with in-place income, upside through lease-up, rental increases, and repositioning potential for underutilized units.
Key Highlights:
• Lakefront property with direct water access
• All units are park-owned (MHs, apartments, and SFR)
• Low operational intensity and simple layout
• Attractive for investors seeking yield, stability, and long-term growth
Tours are available 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.

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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.