Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 8.6% (Actual)
- Listing ID: 6857929
- Posted On: Apr 1, 2025
- Updated On: Sep 7, 2025
Description
Marcus & Millichap is pleased to present the two-property
mobile home park portfolio located at 1400 Cool Brook Drive
in Darlington, South Carolina, and 711 N Williston Road in
Florence, South Carolina. The assets offer strong in-place
tenancy, stable rental income, and value-add opportunities
through leasing remaining park-owned homes (POH) and filling
vacant pads. Both properties benefit from high occupancy
rates, with long-term tenants providing consistent cash flow.
Additionally, the value-add potential presents investors with
opportunities to increase revenue by optimizing occupancy and
improving operational efficiencies.
The portfolio is well-positioned in budding markets with strong
economic fundamentals, including low unemployment, high
rental demand, and ongoing economic expansion, ensuring
long-term investment stability. With solid in-place cash
flow, upside potential, and favorable market conditions, this
Darlington & Florence mobile home park portfolio represents an
excellent investment opportunity in South Carolina’s growing
housing market.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 120 |
| Total Occupancy: | 96.0 % |
| Average MH Lot Rent: | $408 |
Financial Information (Actual)
| Gross Income: | $685,628 |
| Operating Expense: | $272,881 |
| Net Operating Income: | $412,747 |
| Expense Ratio: | 39.8 % |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - RUBs |
| Sewer: | Septic |