Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park

Mobile Home Park Details

  • Purchase Method: Cash, New Loan
  • Cap Rate: 11.0%
  • Listing ID: 867505
  • Posted On: Oct 11, 2017
  • Updated On: Oct 18, 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: 1990
Average MH Lot Rent: $200
Size: 5 acre(s)

Financial Information (Actual)

Gross Income: $162,000
Operating Expense: $38,000
Net Operating Income: $121,000
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

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