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Rose Creek Mobile Home Park 220 SE Rose Cove Gln 38 Unit Mobile Home Park $3,814,020 CAD ($100,369 CAD/Unit) 8.14% Cap Rate Lake City, FL 32025
Investment Highlights
- 26-acre property with existing income from mobile homes, brick houses, and RV spaces
- Attractive natural amenities including a creek, fishing pond, and scenic trails
- Zoned A-1, providing flexibility for agricultural or residential uses
- Room for expansion with permits in place for 11 additional RV units
- Includes two fenced pastures totaling over 10 acres
- Strong rental history and significant income potential from diverse unit mix
Executive Summary
This 26-acre multifamily property presents a unique investment opportunity in Lake City, Florida. Known as Rose Creek Mobile Home Park, the site includes a diversified mix of income-producing assets: 14 single-wide mobile homes, 2 double-wide homes, 2 brick homes, and 1 frame house. Additionally, there are 12 RV spaces, with permits in hand for 11 more RV units, and 2 RVs currently on-site.
The property boasts long-term rental history and existing revenue generation, with reports of rental income potential exceeding $12,000 monthly. Zoned A-1 (Agricultural), the setting features a creek, nature trails, a stocked fishing pond, and picnic areas that enhance tenant appeal. Two large fenced pastures, each over 5 acres, further increase functional versatility.
Positioned in a growth corridor with access to major highways and about 45 minutes north of Gainesville, the property offers future scalability. This portfolio-style asset offers both steady cash flow and expansion potential for manufacturers housing or RV park operators.
The property boasts long-term rental history and existing revenue generation, with reports of rental income potential exceeding $12,000 monthly. Zoned A-1 (Agricultural), the setting features a creek, nature trails, a stocked fishing pond, and picnic areas that enhance tenant appeal. Two large fenced pastures, each over 5 acres, further increase functional versatility.
Positioned in a growth corridor with access to major highways and about 45 minutes north of Gainesville, the property offers future scalability. This portfolio-style asset offers both steady cash flow and expansion potential for manufacturers housing or RV park operators.
Property Facts
| Price | $3,814,020 CAD | Building Class | C |
| Price Per Unit | $100,369 CAD | Lot Size | 21.50 AC |
| Sale Type | Investment | Building Size | 2,600 SF |
| Cap Rate | 8.14% | Average Occupancy | 98% |
| No. Units | 38 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1969 |
| Property Subtype | Manufactured Housing/Mobile Home | ||
| Zoning | A-1 - A-1 zoning, or Agricultural zoning, is generally intended to protect land for agricultural uses, such as farming, forestry, and livestock. | ||
| Price | $3,814,020 CAD |
| Price Per Unit | $100,369 CAD |
| Sale Type | Investment |
| Cap Rate | 8.14% |
| No. Units | 38 |
| Property Type | Multifamily |
| Property Subtype | Manufactured Housing/Mobile Home |
| Building Class | C |
| Lot Size | 21.50 AC |
| Building Size | 2,600 SF |
| Average Occupancy | 98% |
| No. Stories | 1 |
| Year Built | 1969 |
| Zoning | A-1 - A-1 zoning, or Agricultural zoning, is generally intended to protect land for agricultural uses, such as farming, forestry, and livestock. |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 35 | - | - |
1 1
Not walkable
10/100
Exceptionally drivable
100/100
Not bikeable
10/100
Property Taxes
| Parcel Number | 34-4S-17-09010-000 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $1,146,381 CAD |
Property Taxes
Parcel Number
34-4S-17-09010-000
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$1,146,381 CAD
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Rose Creek Mobile Home Park | 220 SE Rose Cove Gln
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