Excellent investment opportunity with exceptional upside for sole proprietor and institutional investors.

Florida Mobile Home Park located on Country Club Road in Lake City, Florida. It is surrounded on two sides of the property by a 1,000 Acre State Owned Recreation Park. The park has 500 Acre fishing lake.

The seller's current business model is to remodel two units per month and rent them to highly qualified and acceptable tenants on a monthly basis. The current tenants are mature; they pay their rent on time or early.

Net cash flows of approximately $11,500 a month at 40% occupancy. Current ownership has been in place since May of 2003. A hands on approach to tenant selection has dictated occupancy despite 50+ calls per unit for available units. Owner is highly selective of tenants.

There are 4 onsite recordable security cameras to secure proper living standards for your investment and confidence as an absentee landlord.

The owner is retiring and is seeking an all cash buyer. He is willing to charge a 5% consulting fee on net cash flows on operations for 90 days after close should you need his expertise. There is no owner financing. Property purchase will be made on an as is basis.

-To increase additional income, you will be able to control the water usage and septic and charge accordingly. Currently these utilities are included in the rent.
- Utilities are served an onsite well and sewer treatment plant. The well and the treatment plant are inspected and tested three times weekly by a certified water and sewer treatment company. All permits are up to date with the Florida Department of Environmental Protection and the Columbia County Health Department.
-The park consists of 16.50 acres. The mobile home pads and units occupy approximately 10.0 acres of the 16.5 acres. Additional units can be requested to be added to the park if approved by Columbia County zoning.
- The property is populated with dozens of oaks, azaleas, and some fruiting trees.
- One acre pond on site.
-The demand for rental units is tremendous with 25+ inquiries per week for available units when advertised.
- Municipal airport is 4 miles away.
- Florida Gateway College ($3,100 per semester/$1,494 in state tuition) is 4.5 miles away.
- A regional industrial park has been approved for major rail and storage facilities.
- Nearby grocers include Publix, Winn-Dixie, Aldi, CVS, Walgreens and Harvey's.
- National retailers include Walmart, Lowe's, Home Depot
- Lodging includes Holiday Inn, Tru and Home2 Suites by Hilton, and Hampton Inn among others.
- Lake City boasts Toyota, Ford, Chevrolet, Kia, and Nissan car dealerships.
- The municipality supports several dozen quality national franchise restaurants among many colorful local choices.

Please call or email
cmbanks.real.estate.investments@gmail.com
or 813.546.8778