Mobile Home Park Details

  • Purchase Method: Cash, New Loan
  • Cap Rate: 8.6%
  • Listing ID: 1714818
  • Posted On: Jul 18, 2022
  • Updated On: Jul 23, 2023

Description

Estimated $252,00 NOI equating to $21,000+ per month after a rent push. 6.63% Cap Rate. NOI has been as high as $27,000 per month but taking into consideration some Capex, so estimating low. Rent Comps in the area will allow going much higher. The caveat is any asset can have fluctuations, but this is a snapshot. Stabilization June 2023 at approximately $27,000+ per month rent with NOI around $22,000 per month.

Columbia, SC MSA / Lexington County / 38 Mobile Home Units in a Two-park Adjacent Portfolio. Within a Two-mile Radius of a Walmart Super Center and Lowe's Home Improvement Center. Walgreens, Dollar General, Starbucks, Publix, Food Lion, High School, and Middle School Are Within Several Miles as Well. Lexington is a Rapid Expansion Zone for the Columbia MSA for Both Rooftops, Commercial, and Industry. Correspondingly This Combination of Assets Will Maintain Occupancy and Vibrancy Long-term Based on the Pattern Analysis of Past Performance and Future Projections. See Drone Video
https://drive.google.com/drive/u/4/folders/158Tjux5g5s6sIrzzl3-UIf4W2wYJ6x_W and also see the CREOP Flipbook https://online.fliphtml5.com/aqzn/rqor/#p=1

Gilbert Bradham | Managing Director & Broker-In-Charge
SVN BlackStream Charleston, SC Office
Best Contact: (843) 532-1641
Gil.Bradham@svn.com

Location

Less than 2 miles from a Walmart Super Center and Lowe's Home Improvement Center. Walgreens, Dollar General, Starbucks, Publix, Food Lion, High School, and Middle School are also within several miles. Lexington is a rapid expansion zone for the Columbia MSA for rooftops, commercial, and industry. https://online.fliphtml5.com/aqzn/rqor/#p=1

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Park Information

Community Type: All Age
Number of MH Lots: 38
Total Occupancy: 100.0 %
Size: 10 acre(s)

Financial Information (Actual)

Net Operating Income: $27,290
Debt Info: N/A

Utility Information

Water: Well
Sewer: Septic

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