Lake City Mobile Home Park Portfolio 2 Multifamily Properties Offered at $924,750 CAD in Lake City, FL

Let’s address the obvious first.
This is not a 300-lot institutional mobile home park with a clubhouse, swimming pool, and a 70-page OM.
What it is, however, is a simple, cash-flowing portfolio of 10 park-owned homes across two mobile home park communities in Lake City, Florida—and sometimes the smaller deals are the ones that quietly outperform.
The offering includes Ruby Mobile Home Park and Country Club Estates, located about four miles apart, making it easy to manage both properties without spending your day driving across town.
The portfolio currently produces approximately $106,500 in annual rental income, generating an 8.99% Day 1 cap rate, with the opportunity to reach a projected 10.74% cap rate through modest rent increases toward market levels.
Translation: it cash flows today and still has room to grow.
The homes range from 432 to 1,344 square feet and include a mix of one-, two-, and three-bedroom layouts that appeal to a broad tenant base seeking affordable housing in the Lake City area.
Operationally, the property is straightforward:
• Tenants pay utilities• One park is on city water and sewer• The other operates on well and septic
Nothing overly complicated—just the kind of setup many mobile home park investors prefer.
Lake City sits at the intersection of Interstate 75 and Interstate 10, making it a regional hub for logistics, healthcare, and transportation throughout North Florida.
At $750,000, this portfolio offers an approachable entry point for investors looking to expand their MHP holdings without taking on a massive park or complex redevelopment project.
And while it may not be the biggest mobile home park deal on the market, it might be one of the simpler ones to own.
Because sometimes the best deals are the ones where the math works, the management is straightforward, and you don’t need a golf cart just to collect the rent.