Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 11.0%
- Listing ID: 865939
- Posted On: Oct 6, 2017
- Updated On: Oct 19, 2017
Description
The only Mobile Home Park within the city limits of Orangeburg,
South Carolina!
Stable long term tenants make this MHP turn key.
Features 40 lots:
38 lots are filled with 17 resident owned mobile homes and
19 park owned mobile homes that have been renovated with plywood floors, PEX plumbing, and 200 amp electric service panels.
2 additional mobile homes are currently under renovation and are not included in cap rate.
City water, City sewer, City garbage are paid by residents.
Moseley street is City maintained
Deciduous Oak trees provide summer shade and winter sunshine.
One mile from South Carolina State University and Claflin University.
Onsite maintenance and lawn care available if needed
Onsite management available if needed.
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
Community Type: | All Age |
Number of MH Lots: | 40 |
Total Occupancy: | 94.0 % |
Year Built: | 2000 |
Average MH Lot Rent: | $200 |
Size: | 5 acre(s) |
Financial Information (Actual)
Gross Income: | $162,000 |
Operating Expense: | $38,000 |
Net Operating Income: | $124,000 |
Expense Ratio: | 23.5 % |
Lot Information
Singlewide Lots: | 35 |
Doublewide Lots: | 5 |
Utility Information
Water: | City |
Water Paid By: | Tenant - Individual Service |
Sewer: | City |
Park-Owned Homes
Number of Park-owned Homes: | 21 |
Average Rent for Park-owned Homes: | $500 |