Log In/Sign Up
Your email has been sent.
Lakefront MH & RV Park 11649 E Highway 25 22 Unit Mobile Home Park $3,458,475 CAD ($157,203 CAD/Unit) 3.28% Cap Rate Ocklawaha, FL 32179
INVESTMENT HIGHLIGHTS
- Net Operating Income (NOI): In-Place: $82K Stabilized: $205K Forward Cap Rate: 8.2%
- Two commercial buildings (auto lift + food & beverage/storage) offer additional cash flow potential.
- Situated in the Ocala–The Villages corridor, one of Florida’s fastest-growing MHC/RV markets.
- Lease-up opportunity for 3 vacant pads and under-utilized units.
- Offered at approximately $1M below the estimated $3.5M+ replacement cost.
EXECUTIVE SUMMARY
Bowers Landing Lakefront presents a unique opportunity to acquire a four-parcel, lakefront manufactured housing community in Ocklawaha, Florida. Situated along East Highway 25, the property combines existing in-place cash flow with a clear, actionable value-add strategy, making it ideal for long-term holds or redevelopment. The property benefits from a self-contained utility setup with well and septic systems, supporting operational efficiency and reducing municipal reliance.
The community consists of 22 rental units (mobile homes, apartments, and a single-family residence), plus three additional vacant MH pads documented via affidavit, and two unused commercial buildings with potential for ancillary income or redevelopment. The site spans 7.0± acres with direct private lake access, and concrete/dirt boat ramps, creating multiple paths for optimization or expansion.
Current ownership is a single operator who has managed the property conservatively since 2022. As a result, the community operates with 40%+ vacancy, offering a significant lease-up and rent optimization opportunity. This under-management provides immediate upside for investors who bring professional management and capital allocation.
The property benefits from its location in the Ocala–The Villages growth corridor, one of Florida’s fastest-expanding regions driven by in-migration, logistics growth, and The Villages’ continued residential expansion. This dynamic setting creates robust demand for both affordable housing and RV sites.
The community consists of 22 rental units (mobile homes, apartments, and a single-family residence), plus three additional vacant MH pads documented via affidavit, and two unused commercial buildings with potential for ancillary income or redevelopment. The site spans 7.0± acres with direct private lake access, and concrete/dirt boat ramps, creating multiple paths for optimization or expansion.
Current ownership is a single operator who has managed the property conservatively since 2022. As a result, the community operates with 40%+ vacancy, offering a significant lease-up and rent optimization opportunity. This under-management provides immediate upside for investors who bring professional management and capital allocation.
The property benefits from its location in the Ocala–The Villages growth corridor, one of Florida’s fastest-expanding regions driven by in-migration, logistics growth, and The Villages’ continued residential expansion. This dynamic setting creates robust demand for both affordable housing and RV sites.
PROPERTY FACTS
| Price | $3,458,475 CAD | Building Class | C |
| Price Per Unit | $157,203 CAD | Lot Size | 7.32 AC |
| Sale Type | Investment | Building Size | 17,375 SF |
| Cap Rate | 3.28% | No. Stories | 1 |
| No. Units | 22 | Year Built | 1981 |
| Property Type | Multifamily | Parking Ratio | 0.75/1,000 SF |
| Property Subtype | Manufactured Housing/Mobile Home | ||
| Zoning | PMH - Mobile Home | ||
| Price | $3,458,475 CAD |
| Price Per Unit | $157,203 CAD |
| Sale Type | Investment |
| Cap Rate | 3.28% |
| No. Units | 22 |
| Property Type | Multifamily |
| Property Subtype | Manufactured Housing/Mobile Home |
| Building Class | C |
| Lot Size | 7.32 AC |
| Building Size | 17,375 SF |
| No. Stories | 1 |
| Year Built | 1981 |
| Parking Ratio | 0.75/1,000 SF |
| Zoning | PMH - Mobile Home |
AMENITIES
UNIT AMENITIES
- Air Conditioning
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $195,737 CAD | |
| Land Assessment | $113,286 CAD | Total Assessment | $309,023 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$113,286 CAD
Improvements Assessment
$195,737 CAD
Total Assessment
$309,023 CAD
1 of 9
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
Lakefront MH & RV Park | 11649 E Highway 25
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.