Lakeside Estates

Lakeside Estates

Umatilla, FL
Available
  • Property Type: Manufactured Housing
  • Property Size: / 17.34± Acres / 125 Sites

Overview

Capstone Manufactured Housing is pleased to present Lakeside Estates. This offering features approximately 125 sites, located on Lake Enola in Umatilla. Lake County is the third-fastest growing county in the state of Florida. The increased population and improved transportation infrastructure revitalized Lake County as a major center for larger companies. Lakeside Estates is the nicest community in Umatilla, showcasing beautiful lakefront views and well-manicured landscaping. The charm of the community is highlighted by the oversized lots, brand-new homes, large clubhouse, and swimming pool. This is a stark contrast to the communities in the immediate vicinity, which have older, smaller homes and no amenities. Although the community is one of the nicest in the area, the lot rents are below market. The owner currently rents out a lot and a half or a double lot for a premium but is not charging one and a half or two times the lot rent. The low rents for single lots, coupled with the premium rents for more than a single lot, leave an opportunity for a new owner to increase rents. This offering presents the opportunity to acquire a beautiful lakefront community with immediate rental upside in a growing market.

Investment Highlights

  • New Homes in Community
  • Significant Rental Upside
  • Minimal Management Oversight
  • Scenic, Lakefront Property
  • Lake County Growth

Contact Information

Ian Hilpl Director P: 315.406.0900
O: 800.261.9464 ext. 7008
ian@capstone-companies.com
Kevan Enger Partner P: 407.494.8541
O: 800.261.9464 ext. 7004
kevan@capstone-companies.com
Brian Hummell Senior Investment Sales Advisor P: 614.318.5482
O: 800.261.9464 ext. 7011
hummell@capstone-companies.com
Hunter LaRocca Senior Advisor P: 407.227.9643
O: 800.261.9464 ext. 7012
hunter@capstone-companies.com