Lake City Mobile Home Park Portfolio 2 biens • Immeuble residentiel • À vendre 929 813 $ CAD • Lake City, FL

The Apartment King presents a two-park portfolio totaling 10 park-owned homes in Lake City, Florida—designed for investors who prioritize strong in-place returns and operational simplicity over scale.
The portfolio includes Ruby Mobile Home Park and Country Club Estates, located just four miles from one another, allowing for efficient oversight and ease of management within a single market.
At a purchase price of $675,000, the investment delivers a 10.10% day-one cap rate, with underwriting that already incorporates reassessed property taxes, increased insurance costs, and a property management expense. In other words, the return is not based on aggressive assumptions—it’s built on a realistic operating model from day one.
The properties consist of a mix of one-, two-, and three-bedroom homes, providing affordable housing options that continue to see consistent demand in the Lake City market.
Operationally, the portfolio is straightforward:
-Tenants pay utilities
-One park is on city water and sewer
-One park operates on well and septic
There is no additional room to add units, which reinforces the focus on optimizing the existing footprint rather than pursuing expansion.
Lake City’s strategic location at the intersection of I-75 and I-10 supports ongoing demand from logistics, healthcare, and regional employment drivers.
For investors seeking a high-yield, right-sized portfolio with immediate cash flow, this opportunity offers a compelling entry point into Florida's expanding economy.