Contact Information

Todd Fletcher
Newmark

Mobile Home Park Details

  • Price: Call for Price
  • Listing ID: 5722283
  • Posted On: May 14, 2024
  • Updated On: May 17, 2024

Description

Opportunity to purchase a
premium manufactured home
community just 30 minutes
from the highly desirable
Charleston market.
– The property is 100% occupied with only one
brand-new 2024 park owned home on a rent-to-own
agreement. The remaining sites are filled with tenant
owned homes.
– New move-in rents are already $200+ higher per
site per month. There is a tremendous opportunity
to eventually move all site rents to this level, which
would create over $55K in additional annual revenue.
According the 2023 Charleston MSA Datacomp report,
the average adjusted lot rent is $516 with average
occupancy rates at 99% for all-age communities.
– Utilities are city sewer and water. The utilities are direct
billed, and the city maintains all the lines.
– Strong demographics in the area. Within a 10-mile
radius of the community, average household income is
$97,298 with strong home values at $299,018.
– The community is just outside Charleston, the second
largest city in South Carolina known for its charming
historic districts, a lively arts scene, numerous
institutions of higher learning, miles of pristine
beaches, and some of the best restaurants along
the coast.

Amenities

  • Laundromat
  • Club House
  • Storage
Interested in purchasing this mobile home park? Get pre-qualified for a loan.

Park Information

Community Type: All Age
Number of MH Lots: 24
Total Occupancy: 100.0 %
Year Built: 1990
Size: 10 acre(s)

Utility Information

Water: City
Water Paid By: Tenant - Submetered
Sewer: City

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