Mobile Home Park Details

  • Cap Rate: 8.2%
  • Listing ID: 1451144
  • Posted On: Jun 2, 2021
  • Updated On: Mar 28, 2022


**Download Offering Materials:**

Capstone Manufactured Housing is pleased to present Overbrook Mobile Home Park. Comprised of 46 sites in Gaffney, South Carolina, Overbrook MHP is strategically located near Interstate 85, directly in the path of progress. The community reaps the benefits of the rapidly expanding markets of Charlotte and Spartanburg. Additionally, Overbrook MHP is situated within a Qualified Opportunity Zone, which provides federal tax incentives for investors to re-invest their capital gains. The community benefits from a robust 98% occupancy and features below market rents. This offering presents an opportunity to acquire a well-occupied, strategically located community with tremendous value-add potential.

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Park Information

Community Type: All Age
Number of MH Lots: 46
Total Occupancy: 98.0 %
Year Built: 2014
Average MH Lot Rent: $200
Size: 10 acre(s)

Utility Information

Water: City
Water Paid By: Tenant - Individual Service
Sewer: Septic

Park-Owned Homes

Number of Park-owned Homes: 39
Average Rent for Park-owned Homes: $200

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