Contact Information
Nick Lore
Mobile Home Park Details
- Price: $1,200,000
- Purchase Method: Cash, Seller Financing, New Loan
- Cap Rate: 12.3% (Actual)
- Listing ID: 6818166
- Posted On: Feb 4, 2025
- Updated On: Feb 4, 2025
Description
The Pageland MHP Portfolio is a 28-pad mobile home park investment spanning 10 acres across four towns in Chesterfield County, SC: Jefferson, Mt. Croghan, Pageland, and McBee. This portfolio offers stable cash flow and strong growth potential, with a mix of well and city water, septic and sewer, and tenant-paid electricity, keeping operational costs low. Strategically located near Monroe, NC (45 minutes) and Charlotte, NC (1 hour), it provides affordable housing options for commuters and benefits from a diversified local economy driven by manufacturing, agriculture, and retail.
Investment Highlights
25-pad mobile homes and three single-family home portfolio across four towns in Chesterfield County, SC
Low operational costs with tenant-paid electricity and a mix of utility systems
Strong regional growth with migration from larger cities
Strategic location near Monroe, NC (45 mins) and Charlotte, NC (1 hour)
Stable employment base supported by manufacturing, agriculture, and retail
Affordable housing demand in a market with commuter appeal and small-town amenities
Park Information
| Number of MH Lots: | 25 |
| Size: | 10 acre(s) |
Financial Information (Actual)
| Gross Income: | $221,469 |
| Operating Expense: | $74,232 |
| Net Operating Income: | $148,134 |
| Expense Ratio: | 33.5 % |
