Cedar Pines MHP - Assumable Debt Available

For Sale

224 Southeast Davie Court, Lake City, FL 32025

This Lake City property for sale is located at 224 Southeast Davie Court. The current listed sale price for Cedar Pines MHP - Assumable Debt Available is $1,200,000. Cedar Pines MHP - Assumable Debt Available is situated on a lot that is 3.6 acre in size.

Contacts

Zack Hartman

Sherman & Hemstreet Real Estate Company

Property Details

  • Property Type Multi-Family
  • Property Size 23,000 SF
  • Units 33
  • Lot Size 3.6 Acre
  • Date Updated Aug 17, 2026
Located at 224 SE Davie Ct in Lake City, this mobile home park sits at the crossroads of Interstate 75 and Interstate 10, a prime North Florida logistics and commuter corridor known as the "Gateway to Florida".This 33-lot mobile home park in Lake City FL offers strong in-place income of $101,693 annually with significant value-add upside and an assumable 5.5% fixed rate note of $632k not due until 2044! The community includes 20 tenant-owned homes paying $500/month lot rent, 3 vacant park-owned homes previously rented at $800/month, 4 ready vacant lots, and 6 additional lots requiring clearing for reactivation. Utilities include city water and septic, with manageable annual expenses (water $12K, lawn $2.1K, maintenance $5K, taxes $19.6K).
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Highlights

  • $632k Assumable Debt with 5.5% Fixed Rate
  • Clear Path to NOI Growth Through Infill & Rent Optimization
  • High-Demand Workforce Housing Market

Attachments

Getting around

  • 38/100

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  • 40/100

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Location

  • City Lake City, FL
  • Neighborhood Watertown
  • Zip Code 32025

Points of Interest

  • Circle K

    2.37 miles

  • S & S Gas Station

    3.61 miles

  • Murphy USA

    3.85 miles

  • Tesla Supercharger

    4.07 miles

  • Electrify America

    4.23 miles

  • Shell

    4.25 miles

  • Sunoco

    4.32 miles

  • Exxon

    4.40 miles

  • EVolution

    4.43 miles

  • Chevron

    4.46 miles

  • Truck Parking

    6.04 miles

  • The Blanche

    1.67 miles

  • Driftwood Motel

    3.96 miles

  • Cypress Inn

    4.17 miles

  • Days Inn by Wyndham Lake City I-10

    4.18 miles

  • Days Inn

    4.33 miles

  • Holiday Inn

    4.38 miles

  • La Quinta Inn & Suites

    4.39 miles

  • Knights Inn Lake City

    4.39 miles

  • Quality Inn

    4.39 miles

  • Rodeway Inn

    4.42 miles

  • Winn-Dixie

    1.60 miles

  • Publix

    3.15 miles

  • Ross

    3.31 miles

  • Big Lots

    3.49 miles

  • JCPenney

    3.60 miles

  • Lake City Mall

    3.65 miles

  • TJ Maxx

    3.66 miles

  • Belk

    3.71 miles

  • Walmart Supercenter

    3.93 miles

  • Fifth Generation Farms

    4.93 miles

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