Cash-Flowing Mobile Home
For Sale
Contact for pricing
232 NW Johnson St, Lake City, FL 32055
Portfolio of 10 park-owned homes in Lake City, Florida.
Property Size7,660 SF
Price / SF$81.59
Days on Market155
Property Features for 232 NW Johnson St
General Information
Standard status
Active
Size
7,660 SF
Property subtype
Mobile Home Park, Multifamily
Occupancy
100%
Investment Type
Stabilized
Net Operating Income
$69,254
Building Details
Year Built
1970
Buildings
10
Stories
1
Units
10
Listing Agency:
The Apartment King
Listed By:
Christopher Minchin · License #BK3282270
Source:
Crexi
Added: Mar 18
Changed: Aug 8
Last Checked: Aug 17 at 10:26AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of The Apartment King
Investment Insights
Based on property information with market context.
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.
Key Highlights
- 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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
112
Businesses Nearby
Explore this area
Business Placement
Demographics for 32055, FL
16,624
Population
7,498
Households
2.2
Avg Household Size
42
Median Age
18%
College-Educated
84%
High-School Grad
184.4 sq mi
ZIP Area
90
Density / Sq Mi
$57,328
Median Household Income
$30,840
Median Earnings
$873
Median Rent
$161,200
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
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 is the asking price?
The asking price for this property is $625,000.
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.
