Property Description
Fully occupied and stabilized 9 unit mobile home park with 6 park owned units and 3 tenant owned units. Significant opportunity to push ground rents to increase NOI. Currently offered at a 10.44% cap rate. Current owner completed significant renovations to park owned units in '23 and '24. Proforma cap rate between 11-12% with only modest increases to monthly ground rent. This investment opportunity offers great returns with relatively hands off management.
Additional Features
- County: Charleston
- Stories: 1
- Year Built: 0
- Elementary School: Matilda Dunston
- Middle Or Junior School: Morningside
- High School: North Charleston
Location