Mobile Home Park Details
- Cap Rate: 10.0%
- Listing ID: 13100
- Posted On: Jun 2, 2010
- Updated On: Feb 20, 2012
Description
Forest Estates MHP in Clover, SC is probably one of the most beautiful parks I have ever listed. It is adorned with beautiful and abundant stately hardwoods and pines everywhere. The park has a two lane asphalt street running throughout and all lots have paved parking pads. A community monitored well system services the park and each lot has it's own private septic tank. This property has been meticulously maintained by the owner. There are 14 lot leases and 4 park owned homes. Everything is so well kept, it is hard to believe this is a rental mobile home park. Long term tenants. If you are looking for a really attractive park to own with little or no maintenance, this park is for you. There is 9 well landscaped acres with each home on approx. 1/2 ac wooded lots. Lot rents average 235 per month and park owned homes av. $425 mo. All tenants mail their rent each month to the owner. If you want to see this park, make an appointment to see this property. Please be courteous and do not disturb the tenants as they do not know this park is on the market. It causes great unrest and problems when a prospect goes into the park uninvited and unattended. Looking for A+? This is it!
This beautiful park is located a little over 5 minutes into South Carolina off Hwy 49 South in a picturesque rural setting (see photos) of Clover, SC in York County. It is located minutes from a new Lowes Home Improvement and 2 large shopping centers. Just north is the Catawba River & Lake Wylie on Hwy 49 where there is just unprecedented growth going on. Four lane all the way to Charlotte, NC with major developments in Luxury housing, hotels, restaurants, retail, etc. lots of river front development all within 10 minutes of this property. Plenty of jobs and opportunity. Well located to the Rock Hill, Fort Mill Area, The Gastonia Area, and of course the Charlotte area. Every direction you go in offers opportunity. Easy access to I-485 maybe 10 minutes away. Residents in this property have plenty of job opportunities within close proximity. Incredible growth all around, just booming growth
Park Information
Number of MH Lots: | 18 |
Year Built: | 1990 |
Average MH Lot Rent: | $240 |
Park-Owned Homes
Number of Park-owned Homes: | 4 |
Average Rent for Park-owned Homes: | $420 |