Mobile Home Park Details
- Purchase Method: Cash
- Listing ID: 17098
- Posted On: Oct 6, 2010
- Updated On: Oct 19, 2010
Description
24-Unit MBH PARK FOR SALE located in one of the fastest growing areas of Lexington County (less than a mile from the intersection of Hwy 6 and Platt Springs Rd near the new Walmart Shopping Center); Current owner has renovated property since he purchased it in 2006; Exterior of all mobile homes have been freshly painted and roofs have been cool sealed within the last 12 mths; Preventative maintenance has been accomplished through a monthly inspection program initiated by current owner; owns 22 (of 24) mobile homes; Occupancy rate is fairly constant around 92%; Good Cash Flow and Low Maintenance!! Owner needs to relocate and must reluctantly sell park!! This income producing property is priced below average and will not last long!! $550K firm
Location
1705 Old Orangeburg Rd, Lexington, SC 29073
(close to intersection of Platt Springs Rd. and Old Orangeburg Rd.)
TMS#: 007600-02-081
5.06 acres with 24 mobile home lots
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 24 |
| Total Occupancy: | 92.0 % |
| Year Built: | 1980 |
| Average MH Lot Rent: | $450 |
| Size: | 5 acre(s) |
Financial Information (Pro Forma)
| Gross Income: | $9,500 |
| Operating Expense: | $2,800 |
| Net Operating Income: | $6,700 |
| Expense Ratio: | 29.5 % |
| Debt Info: | BB&T holds mortgage |
Lot Information
| Singlewide Lots: | 24 |
Utility Information
| Water: | Well |
| Water Paid By: | Park |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 22 |
| Average Rent for Park-owned Homes: | $450 |
