Contact Information

Mobile Home Park Details

  • Price: $5,200,000
  • Cap Rate: 7.7% (Actual)
  • Listing ID: 6857929
  • Posted On: Apr 1, 2025
  • Updated On: Apr 1, 2025

Description

Marcus & Millichap is pleased to present the two-property
mobile home park portfolio located at 1400 Cool Brook Drive
in Darlington, South Carolina, and 711 N Williston Road in
Florence, South Carolina. The assets offer strong in-place
tenancy, stable rental income, and value-add opportunities
through leasing remaining park-owned homes (POH) and filling
vacant pads. Both properties benefit from high occupancy
rates, with long-term tenants providing consistent cash flow.
Additionally, the value-add potential presents investors with
opportunities to increase revenue by optimizing occupancy and
improving operational efficiencies.
The portfolio is well-positioned in budding markets with strong
economic fundamentals, including low unemployment, high
rental demand, and ongoing economic expansion, ensuring
long-term investment stability. With solid in-place cash
flow, upside potential, and favorable market conditions, this
Darlington & Florence mobile home park portfolio represents an
excellent investment opportunity in South Carolina’s growing
housing market.

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

Park Information

Number of MH Lots: 120
Total Occupancy: 92.0 %
Average MH Lot Rent: $417

Financial Information (Actual)

Gross Income: $642,838
Operating Expense: $242,237
Net Operating Income: $400,601
Expense Ratio: 37.7 %

Utility Information

Water: City
Water Paid By: Tenant - RUBs
Sewer: Septic

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