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$725,000
Est. payment /mo
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Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 31007493
Property Sub-Type Multi Family
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.
Location
State SC
County Charleston
Zoning City of North Charleston - R-1 - Single Family Residential
Building
Sewer Public Sewer
Water Public
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Listed by Jason Smith • EXP Realty LLC
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