Property details

Mobile Home Park For Sale in South Carolina, Southeast Region

Property Description

Mobile Home Park For Sale in South Carolina Mobile Home Park For Sale in South Carolina

The owner is NOT motivated to sell and is comfortable owning these parks. It will take a pretty penny to buy them out.

This offering is for a total of 185 pads spread over 3 mobile home parks. 2 of the parks are side by side, and the third park is about 2 tenths of a mile away MHP.

Net Operating Income as of 2/25/15 is $380,000. UPSIDE remains with approx. 25 open pads remaining.

Recently repaved all roads with speed bumps.

Huge pool of tenants to choose from as a result of Boing moving their operations to the area. Boing recently build a huge paint which is bringing in new, quality tenants like crazy.

Owners have been very meticulous in tenants allowed in. All tenants have been run through a rental company with credit checks. In addition, all tenants must show US citizenship documentation.

Actual income and expenses will be provided to buyers after acceptance of a LOI and a visit to the park.






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Highlights

Status:
Withdrawn
Price:
$5,200,000
Cap Rate:
8.00%
 

Property Information

Property Type:
Mobile Home Parks
Industry Type:
Mobile Home Park
Units/Spaces:
185
Year Built:
1988
Land Area:
22.00 acres
Purchase Tenure:
Fee Simple
 

Existing financing information

N/A

The information contained herein contains confidential and/or privileged material. Any review, retransmission, dissemination or other use of, or taking of any action in reliance upon, this information by persons or entities other than the intended recipient will be prohibited. The information contained herein has been obtained from sources believed to be reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about the accuracy or completeness of the information. As a buyer, it is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this property to you depends on factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. We have no knowledge of this offering other than the information received from Seller or their representatives. We are neither your agent or an agent for the seller. We will not participate in the negotiation of the purchase price or attend the showing of this property. As a buyer, you will be required to indemnify us and hold us harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this property.