306 Sundial Ln - Manufactured Housing/Mobile Housing FOR SALE


Ladson, SC 29456
$2,000,000 USD
703-624-2838
306 Sundial Ln, Ladson, SC for Sale
$2,000,000 USD
Manufactured Housing/Mobile Housing - FOR SALE
1/30
null | 6.26% Cap Rate

306 Sundial Ln
Ladson, SC 29456


OVERVIEW

Sundial Park is a 20 unit Mobile Home Park in Ladson with a tremendous value add opportunity. The current owners have recently renovated several of the units, increased rents and established a solid blueprint to complete renovations throughout the park. The park currently sits at 95% occupied with a unit mix of 14 2BR units and 6 3BR units. Strong property management in place. With an NOI of $125,261, this project is offered at a 6.2% cap rate. It is estimated that the remaining units could be renovated with an additional cap ex of $150,000 which would bring the cap rate closer to 9% at stabilization.

FOR SALE DETAILS

PRICE

$2,000,000 USD

PRICE/SF

$105 USD /SF

# OF UNITS

20

PRICE/UNIT

$100,000

CAP RATE

6.26%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Manufactured Housing/Mobile Housing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1990

PARKING SPACES

40

LAND DETAILS

LAND ACRES

2 AC

LAND SF

87,120 SF

ZONING

MF

APN/PARCEL ID

233-10-00-029

ASK ABOUT THIS PROPERTY

Jason SmitheXp RealtyMore Info
703-624-2838

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Jason SmitheXp RealtyMore Info
703-624-2838

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