Contact Information

Mobile Home Park Details

  • Price: $1,200,000
  • Cap Rate: 5.1%
  • Property ID: 1455806
  • Posted On: Jun 10, 2021
  • Updated On: Jun 10, 2021

Property Description

Listing Broker: Paul Scaaf
Call Paul @ +1-678-932-0200
Welcome to Shell Cove Mobile Home Park, conveniently located in Myrtle Beach, the hub of the Grand Strand, a 60-mile string of beaches along South Carolina's coast. This quiet, well-established Mobile Home Park (MHP) consists of 26 pads and is strategically located within close proximity to beaches, shopping, restaurants, and other entertainment venues. Occupancy is currently at 100% with all Tenant Owned Homes (TOH). Other features includes direct bill utilities, paved roads, and manicured landscaping.
We are offering the community at a 5.08% CAP on lot rent only. Current rents are approxiamately $50+ below market, offering new ownership an immediate opportunity to increase revenue. We are asking investors to submit offers at, or above, $1,200,000 for the park.

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

Park Information

Number of MH Lots: 26
Total Occupancy: 100.0 %
Average MH Lot Rent: $254
Size: 4 acre(s)

Utility Information

Water: City
Sewer: City

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