Contact Information

Mobile Home Park Details

  • Price: $1,400,000
  • Purchase Method: Cash, Seller Financing, New Loan
  • Cap Rate: 9.0%
  • Listing ID: 6740329
  • Posted On: Oct 2, 2024
  • Updated On: Oct 2, 2024

Description

Marcus & Millichap is pleased to present Country Village Mobile
Home Park located in Cheraw, South Carolina. This 38-pad mobile
home park, situated on 16 acres, offers an exceptional investment
opportunity. The park operates on well water and septic systems,
with tenants responsible for direct pay for their electricity, keeping
operational costs low and cash flow consistent.

Cheraw, a charming town in Chesterfield County, is ideally situated
near larger metropolitan areas such as Charlotte, NC, and Columbia, SC, making it an attractive location. The town has a stable economy driven by healthcare, manufacturing, and retail, ensuring a reliable tenant base. With minimal overhead, tenant-managed utilities, and steady demand for affordable housing, this park offers a compelling opportunity for investors seeking stable returns in a growing market.

Interested in purchasing this mobile home park? Get pre-qualified for a loan.

Park Information

Number of MH Lots: 36
Total Occupancy: 87.0 %
Average MH Lot Rent: $280
Size: 16 acre(s)

Financial Information (Actual)

Gross Income: $207,122
Operating Expense: $81,096
Net Operating Income: $126,026
Expense Ratio: 39.2 %

Utility Information

Water: Well
Water Paid By: Tenant - Submetered
Sewer: Septic

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