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Address is 2135 Frink Street Cayce, SC 29033

Wendell Lee

Keller Williams Realty

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Broad Eden Mobile Home Park

Manufactured Home Community for Sale in Cayce, South Carolina

2135 Frink Street
Cayce, SC 29033

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Sale Price: $1,100,000
 

Contact Information

Wendell Lee
Keller Williams Realty
 

Mobile Home Park for Sale

Number of MH Lots: 52
Size: 6.5 acre(s)
Purchase Method: Cash
Status: Active
Property ID: 793027
Posted on: Mar 16, 2017
Updated on: Dec 16, 2017
Price: $1,100,000

Property Description

Back on the market!! Offered for sale are the assets of Broad Eden Mobile Home Park in Cayce, SC. This property consists of 6.45 acres of real property licensed for 52 spaces; 21 single wide mobile homes owned by sellers, 22 leased spaces - lots only - with remaining 9 lots vacant; 2,200 SF brick 4 BR 3 BA residence that is presently seller occupied; several out buildings to include one that houses a bath and kitchenette and one that houses supplies for repairs. This property has city water and sewer. Many units have recently been updated and the park is in great shape.
Present monthly income approximates $15,000 with no monthly allowances for the main brick residence, which should rent from $800-$1,200/mo. Due to the complexity of ownership status with multiple owners, assets are divided among the owners and a typical P & L is not available, therefore the sale will be based on cumulative totals of individual asset ownership. A current rent role and summary of park expenses incurred will be provided.
Previous experience would indicate a 1031 Exchange situation, cash purchase, or sizable cash infusion will be needed. If you have a client that meets these requirements, we would like to talk with you. Contact Broker Wendell Lee at 803-609-5003.

Park Information

Number of MH Lots:52
Total Occupancy:84.0%
Average MH Lot Rent: $200
Size:6.5 acre(s)

Financial Information

Gross Income$180,000
Debt Info

Lot Information

Singlewide Lots:52

Utility Information

Water:City
Water Paid By: Park
Sewer:City

Park-Owned Homes

Number of Park-owned Homes:21
Average Rent for Park-owned Homes: $600


Zip codes in Cayce, SC


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