Cedar Pines Mobile Home Park
40-Site Infill opportunity, 50% occupied with majority lot renters with City Water & Septic Sewer
Marketing description
The MHP Value team is pleased to announce Cedar Pines Mobile Home Park, a 40-Site mobile home park located in Lake City, FL
This property currently has cash flow and management in place, allowing you to buy a stabilized asset with immediate room to infill homes on vacant pads featuring infrastructure like city water and septic sewer. The park currently includes 20 tenant owned homes with an average lot rent of $468/m, 3 vacant POHs and 17 vacant lots.
The investment strategy for Cedar Pines involves raising rents to market rate, infilling vacant lots with new homes to boost occupancy, while completing the remaining 3 rehabs and beginning to bull back water to increase revenue. A new investor has the opportunity to acquire a community with high upside in Florida with a straight forward value add plan
Important Note to Prospective Buyers from Pace Morby: Congrats to all new members of the “Creative Finance” and “Subto” communities. We appreciate your interest and enthusiasm. Please note that we work exclusively with qualified, verified buyers. Our clients are not seeking first-time purchasers attempting to acquire mobile home parks with no capital investment. We will also not share proprietary Seller information with any intermediaries, including, but not limited to, scouts, “bird dogs,” or third parties.
Investment highlights
- Opportunity to aquire an asset that feaures stable day one cash flow with reliable mangement already in placem ensuring current hands-off operations for a new owner
- Multiple Value add opportunities with immediate upside through executing a water bill-back program and adjusting rents to market rate
- Infill and expansion capacity, with 17 vacant lots equipped with infrastructure in place allowing a new investor to quickly scale occupancy and drive top-line revenue
- Located in a growing Lake City market, the community delivers an attractive entry point with an optimized layout, providing a direct path to superior risk-adjusted returns
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