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Country Acres Mobile Home Park 148 Dove Ct 14 Unit Mobile Home Park $1,218,721 CAD ($87,051 CAD/Unit) 11.45% Cap Rate Lake City, FL 32025

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INVESTMENT HIGHLIGHTS

  • 14 Total Rentable Units – 13 park-owned homes + 1 RV site
  • Below-Market Rents – Immediate upside potential through rent increases
  • Low Cost Utilities – Individually metered electric (Tenant Paid), well water, and septic
  • Value-Add Opportunity – Possibility to sell the larger rear parcel

EXECUTIVE SUMMARY

Country Acres Mobile Home Park presents a rare opportunity to acquire a well-maintained, cash-flowing asset with built-in value-add potential. The park features 13 park-owned manufactured homes and 1 RV site, totaling 14 rentable units. All homes have been carefully maintained, with build years ranging from 1985 to 1994 and unit sizes ranging from 672 SF (2 bed/1 bath) to 1,848 SF (3 bed/2 bath doublewide).
Each home has been updated over time with improvements such as metal roofing, modern flooring, interior paint, and other upgrades, ensuring long-term durability and tenant satisfaction. The property is serviced by well water, individual septic systems, and separately metered electricity — with tenants responsible for their own utility costs.
Current rental rates offer immediate potential for increased revenue by bringing rents up to market levels. The park includes a larger parcel at the rear of the property that may offer an opportunity for providing multiple exit or expansion strategies for a savvy investor. Country Acres Mobile Home Park is ideal for investors seeking stable returns with room to grow. Whether you're looking for a turnkey asset or a strategic value-add opportunity, this property offers the best of both worlds.

PROPERTY FACTS

Price $1,218,721 CAD
Price Per Unit $87,051 CAD
Sale Type Investment
Cap Rate 11.45%
No. Units 14
Property Type Multifamily
Property Subtype
Manufactured Housing/Mobile Home
  • Multifamily Apartments
Apartment Style Garden
Lot Size 15.19 AC
Building Size 12,760 SF
Average Occupancy 100%
No. Stories 1
Year Built 1985

AMENITIES

UNIT AMENITIES

  • Air Conditioning
  • Refrigerator
  • Listing ID: 38691488

  • Date on Market: 2025-12-08

  • Last Updated:

  • Address: 148 Dove Ct, Lake City, FL 32025

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