Contact Information
Canaan Williams
Mobile Home Park Details
- Price: $2,133,064
- Purchase Method: Cash, Seller Financing, New Loan
- Land: This is land for developing a mobile home park
- Cap Rate: 7.0%
- Listing ID: 2098354
- Posted On: Mar 2, 2023
- Updated On: Nov 20, 2024
Description
Affordable Housing Opportunity – Near Summerville, SC
Built in 2001, this exceptional affordable housing park is located just 45 minutes from Charleston, SC, offering a prime location for residents.
Property Highlights:
Park-Owned Homes (POH): 13 brand-new 2023 Clayton homes, each 16x64 with 3 bedrooms and 2 baths.
Tenant-Owned Home (TOH): 1 lot with $235 space rent (below market).
Utilities: All homes are connected to city water and sewer.
Sale Includes:
13 brand-new homes:
11 New 2025 Models
2 New 2022 Models
All homes are 3 bedrooms and 2 bathrooms.
Additional Details:
Seller Financing Available: $200,000 at 6% interest for up to 36 months.
An excellent investment opportunity with strong potential for immediate returns.
This is an outstanding buy that won’t last long! For more details, check out the listing here: View Property Details.
Location
Located 43 minutes from Summerville, SC and 56 minutes from Charleston, SC.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 14 |
| Total Occupancy: | 100.0 % |
| Year Built: | 2001 |
| Average MH Lot Rent: | $235 |
| Size: | 4 acre(s) |
Financial Information (Actual)
| Gross Income: | $182,220 |
| Operating Expense: | $18,000 |
| Net Operating Income: | $164,220 |
| Expense Ratio: | 9.9 % |
| Debt Info: | Financed |
Lot Information
| Singlewide Lots: | 14 |
| Doublewide Lots: | 14 |
| Triplewide Lots: | 0 |
| Park Model Lots: | 13 |
RV Information
| Number of RV Lots: | 0 |
| Average RV Lot Rent: | $0 |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Individual Service |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 13 |
| Average Rent for Park-owned Homes: | $1,150 |
