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About This Home
This 24-bedroom, 0-bathroom residential multi family at 170 NE CRAIG AVENUE in Lake City, FL is listed for $950,000 ($103 per sqft). Built in 1994, the home offers 9,206 sqft of living space on a 1.74 acres lot.
This o?ering presents a rare opportunity to acquire a **12-lot mobile home park** located in Lake City, Florida - one of North Florida's most reliable and in-demand a?ordable housing markets. The property o?ers a balanced mix of tenant-owned homes, rent-to-own contracts, and park-owned units, enabling predictable cash flow with built-in upside through unit renovations and rate optimization.The park is fully licensed, operating smoothly and supported by **recent infrastructure upgrades** , including a newly improved drain field and septic
system, significantly reducing near-term capital expenditure risk. A current survey is available for buyer review. This asset is ideal for both first-time operators entering the mobile home park segment and experienced investors seeking a **low-maintenance, partially value-add park** in a growth market.
Key Features
- Built in 1994
- 1.74 acre lot
Property Details
Monthly Cost Estimate
$5,081/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
170 NE CRAIG AVENUE
Lake City, FL 32055
EAST LAKE CITY MHP
Features & Amenities
Interior Features
Property Details
Construction
Heating
Cooling
Questions & Answers
This 24-bedroom, 0-bathroom residential multi family at 170 NE CRAIG AVENUE is listed at $950,000 ($103/sqft). The estimated monthly payment is $4,117 based on 20% down at 6.5% interest.
Key features include: Built in 1994, 1.74 acre lot. Interior Features: Ninguno.
This property is listed by Thomas Oldenborg and can be reached at 8454160732 or t.oldenborg@gmail.com.
