2787 Dawson Dr - Manufactured Housing/Mobile Housing FOR SALE


Chester, SC 29706
$1,635,000 USD
423-483-0492
2787 Dawson Dr, Chester, SC for Sale
$1,635,000 USD
Manufactured Housing/Mobile Housing - FOR SALE
1/6
null | 6.42% Cap Rate

2787 Dawson Dr
Chester, SC 29706


OVERVIEW

The Esterson MHC Team is pleased to present Dawson MHP, a stabilized with significant upside investment opportunity consisting of 34 manufactured housing lots in Chester, SC. Located less than an hour from downtown Charlotte, less than 30 minutes from Rock Hill, SC, and with easy access to Interstate 77, this community is well positioned to continue providing affordable housing in a growing region. Chester’s economy is known for manufacturing, logistics and distribution, and agriculture. Dawson MHP is a total of 34 manufactured housing (MH) lots consisting of 29 tenant owned homes (TOH), 3 rent to own homes (RTO), 1 rented park owned home (POH), and 1 vacant MH lot. The average lot rental rate per month is $355, the average RTO payment above lot rent is $467, and the POH rents for $675 above lot rent. The POH is a 2020 Legacy model that is on lease from Legacy with a lease end date of September 2028. The park is serviced by public water and sewer that are billed directly to tenants. Electricity is also public and billed directly to tenants. Trash is serviced by curbside bins, which is billed back to tenants at a flat rate. The roads are gravel and in average condition. The park was originally zoned for 39 lots, but it is unlikely that more than 34 lots are usable, so no credit is being given to the additional 5 lots. The park is NOT in a flood zone. It is in an opportunity zone. We are asking investors to submit offers at $1,635,000. All offers must include price, inspection timelines, proof of funds, and relevant real estate experience.

FOR SALE DETAILS

PRICE

$1,635,000 USD

PRICE/SF

$204 USD /SF

# OF UNITS

34

PRICE/UNIT

$48,088

CAP RATE

6.42%

% LEASED

97%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dawson MHC

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Manufactured Housing/Mobile Housing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1980

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,583 SF

ZONING

-

APN/PARCEL ID

069-05-03-006-000

ASK ABOUT THIS PROPERTY

Glenn EstersonMarcus & MillichapMore Info
423-483-0492

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Glenn EstersonMarcus & MillichapMore Info
423-483-0492

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