Marcus & Millichap is pleased to present Green Tree Estates, a 361- unit, manufactured housing and RV community. This cash flowing investment opportunity has significant upside and is located in a strong and growing market within the Ocala, FL MSA.

Green Tree Estates is situated in the heart of Ocala, FL, a thriving region known as the “Horse Capital of the World.” The Ocala, FL MSA has experienced consistent population growth, with a 9% increase year-over-year in home appreciation and a 45% increase over the past decade. Ocala benefits from its central location near I-75, connecting it to major Florida hubs like Orlando, Tampa, and Gainesville. The region boasts a diversified economy with top employers such as Advent Health Ocala, E-ONE, and Lockheed Martin. Ocala is also home to the expansive equine industry, which attracts international attention and investment. With numerous outdoor recreational opportunities, such as Silver Springs State Park and the Ocala National Forest, as well as proximity to beaches and world-class attractions, Ocala continues to appeal to families, retirees, and businesses alike.

Green Tree Estates consists of 361 total units, including 123 park owned homes (POH). Many of the POH are multiunit duplexes and quadplexes. The POH units consists of 221 rental units. Also included are 140 RV lots, offering a diverse and robust income stream. The occupancy breakdown is as follows: 315 current tenants, 196 rented MH units, 25 vacant MH units, 0 vacant MH lots, 119 long-term RV tenants and 21 vacant RV lots.

The average mobile home unit rental rate per month is $930. The average RV lot rental rate per month is $599. This presents an opportunity to increase rents to meet market comparables, where lot rents average $750-$1,000+ per month.

The park is serviced by a private water system (well) and private sewer (WWTP & pond), with utility costs covered by the landlord. A public connection for water & sewer exists and ownership has recently filed an application to connect. Electricity is provided by public services and is billed directly to the MH tenants while RV tenants are billed back from ownership. Trash service is handled via dumpster and is included in the landlord’s expenses. Roads within the park are paved and in average condition. The RV section is partially in a 500-year floodzone but only affects a few lots. The park is not in an opportunity zone.

Pricing guidance will not be given and we are asking investors to submit their best offers. All offers must include price, inspection timelines, list of due diligence required from owners, proof of funds, and relevant real estate experience.