Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 7.0%
- Listing ID: 1574348
- Posted On: Dec 14, 2021
- Updated On: Mar 12, 2022
Description
2 quiet mobile home communities, minutes from downtown Columbia. Close to bus lines, Chick fil A, Walmart, shopping, etc.
Tenant's currently pay power and water (sub metered)
320 Dreher Road:
- 10 Lots
- 8 Park Owned, 2 Tenant Owned
2230 Holland Street (Opportunity Zone!)
- 13 Lots
- 4 Park Owned, 2 Vacant Lots, 7 Tenant Owned
Holland Street location......
Tremendous upside to increase cash flow as current rental rates are below market.
Both parks are 100% occupied and is always easy to get a new tenant if needed. All that is needed for marketing is a For Rent sign outside either park.
Location
Minutes from downtown Columbia and I-26. Close to bus lines, Chick Fil A, Walmart, and other shopping.
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 23 |
| Total Occupancy: | 100.0 % |
| Average MH Lot Rent: | $250 |
Financial Information (Actual)
| Net Operating Income: | $68,537 |
Lot Information
| Singlewide Lots: | 22 |
| Doublewide Lots: | 0 |
| Triplewide Lots: | 0 |
| Park Model Lots: | 0 |
RV Information
| Number of RV Lots: | 0 |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Submetered |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 12 |
| Average Rent for Park-owned Homes: | $632 |
