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232 NW Johnson St Lake City, FL 32055

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Portfolio of 10 park-owned homes in Lake City, Florida.

Property size:
7,660 SF
Lot size:
1.35 Acres

Property Features for 232 NW Johnson St

General Information

Standard status
Active
Size
7,660 SF
Lot size
1.35 Acres

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Listing Contact
Christopher Minchin
Source: Crexi

Listing Agency: The Apartment King Listing Agent: Christopher Minchin

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

Cash-Flowing Mobile Home Portfolio

This portfolio features 10 park-owned homes across two mobile home park communities in Lake City, Florida. The properties, Ruby Mobile Home Park and Country Club Estates, are located approximately four miles apart. The portfolio currently generates approximately $106,500 in annual rental income. There is potential to reach a projected 10.74% cap rate through modest rent increases. The homes range from 432 to 1,344 square feet and include a mix of one-, two-, and three-bedroom layouts. Tenants are responsible for utilities. One park uses city water and sewer, while the other operates on well and septic. Lake City is located at the intersection of Interstate 75 and Interstate 10, making it a regional hub for logistics, healthcare, and transportation throughout North Florida. The property size is 7,660 square feet.
Location Intelligence

Current Use by Public Records

Mobile home & RV ...

Suggested Use

Real Estate Agency Restaurant Law Firm Dental Office Pharmacy Building Supply Auto Repair Shop Big Box & Wholesale Store Hotel & Motel Auto Parts Store

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

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City
Lake City
County
Columbia
State
Florida
Longitude
-82.64005
Latitude
30.216446

FAQs

What type of property is this?
Mobile home & RV park - Portfolio of 10 park-owned homes in Lake City, Florida.
Where is this mobile home & rv park located?
The property is located at 232 NW Johnson St Lake City, FL.
What are key features of this property?
This property features: - Generates $106,500 in annual rental income with an **8.99% Day 1 cap rate.**; - Opportunity to increase cap rate to a projected **10.74%** through modest rent increases.; - Simple, straightforward operation with tenants paying utilities and one park on city water/sewer.
More about this property
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