10001 Garners Ferry Rd - Manufactured Housing/Mobile Housing FOR SALE


Eastover, SC 29044
$3,900,000 USD
864-915-0849
10001 Garners Ferry Rd, Eastover, SC for Sale
$3,900,000 USD
Manufactured Housing/Mobile Housing - FOR SALE
1/4
null | Request Cap Rate

10001 Garners Ferry Rd
Eastover, SC 29044


HIGHLIGHTS

  • 76 Sites
  • City Water & Lagoon Sewer
  • Road Frontage on Garners Ferry
  • Part of the parcel is in zone AE it does not overlap into any of the existing development
  • 34 new homes

OVERVIEW

Aline Capital’s MH/RV team is pleased to present Cedar Creek Manufactured Housing Community – a 76-pad MH/RV Community situated just 15 miles to the heart of Columbia, SC. The community spans roughly 14 acres. A great value-add opportunity, with room to increase rents to market and infill vacant pads. The infill opportunity creates a strong value add scenario allowing new ownership to increase cashflow day one through the rental income and fill vacant pads as new ownership desires. Columbia, SC MSA continues to experience robust economic growth and a steady influx of residents. As a result, the demand for affordable housing options, particularly in the form of mobile homes, is on the rise. This community offers new ownership a fantastic opportunity to recoup equity by selling the 34 park owned homes 2021 model or newer. Cedar Creek is also in the process of tapping into city water so new ownership will be off of the well water. Part of the parcel is in zone AE it does not overlap into any of the existing development. Sellers will owner finance will $2,000,000 down for a 5-year term at a rate of 7% interest only. Less down is available if buyer assumes the mortgage for the park owned homes.

FOR SALE DETAILS

PRICE

$3,900,000 USD

PRICE/SF

$3,900 USD /SF

# OF UNITS

76

PRICE/UNIT

$51,316

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Manufactured Housing/Mobile Housing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2000

PARKING SPACES

-

LAND DETAILS

LAND ACRES

14.19 AC

LAND SF

618,116 SF

ZONING

-

APN/PARCEL ID

R27800-03-01

ASK ABOUT THIS PROPERTY

Alex WillerAline CapitalMore Info
864-915-0849

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Alex WillerAline CapitalMore Info
864-915-0849

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.