Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 9.0% (Actual)
- Listing ID: 686312
- Posted On: Jul 11, 2016
- Updated On: Feb 17, 2017
Description
Mobile Home Park – Orangeburg, South Carolina – Gross Yearly Revenue=$63,600 – 24 Lots Total – 22 Lots Occupied – 17 Tenant Owned Homes – 5 Park Owned Homes – Lot Rent=$150 – Mobile Home Rent=$550 – 10.97 Acres – 5 POHs = Singlewides With 3 Bedrooms & 2 Bathrooms – POHs=4 NEW Ranges (2014 April – 2016 March) – POHs=4 NEW Refrigerators (2014 April – 2015 Sept) – POHs=2 NEW HVACs (2015 Nov – 2016 June) – POHs=2 Complete Renovations (2014 April – 2015 Dec) – 2.3 Miles To Dollar General – 3.6 Miles To Lowes – 4 Miles To Wal-Mart – 4.1 Miles To Dollar Tree & IHOP – Electricity Is Directly Billed To Tenants From Public Utility Company – Water Is Directly Billed To Tenants From Public Utility Company – Sewer Is Septic With 1 Septic System Per 1 Mobile Home – Mobile Homes Are Positioned Parallel To The Streets – Mobile Home Park Has Approximately 770 Feet Of Paved Road Frontage On Shillings Bridge Road (Which Is A Paved State Road) – Mobile Home Park Contains 3 Gravel Streets (Monica Road / Debra Lane / Maurice Drive) – Streets Were Just Re-Graveled In Spring 2016 – White, Vinyl, 3 Rail Decorative Fence On Green Space Fronting Mobile Home Park Roads & Shillings Bridge Road – Orangeburg Median Home Price=$124,300 – Metro Area=Orangeburg Metro Area – Orangeburg Metro Area Population=92,229 – No Seller Financing – Seller Of MHP Is The Husband Of The SC Real Estate Listing Agent – Tenants Are Not Aware That The MHP Is For Sale – Please Do Not Tell The Tenants That The MHP Is For Sale – For Marketing Package Please Email: KristinAdams@comcast.net
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 24 |
| Total Occupancy: | 92.0 % |
| Average MH Lot Rent: | $150 |
| Size: | 11 acre(s) |
Financial Information (Actual)
| Gross Income: | $63,600 |
Lot Information
| Singlewide Lots: | 24 |
RV Information
| Number of RV Lots: | 0 |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Individual Service |
| Sewer: | Septic |