5350 Scenic Lake Dr - Manufactured Housing/Mobile Housing FOR SALE


Rembert, SC 29128
$2,200,000 USD
864-414-8347
5350 Scenic Lake Dr, Rembert, SC for Sale
$2,200,000 USD
Manufactured Housing/Mobile Housing - FOR SALE
1/5
null | Request Cap Rate

5350 Scenic Lake Dr
Rembert, SC 29128


HIGHLIGHTS

  • Below market rental rates representing an opportunity to immediately increase revenues through rental increases.
  • 92% current occupancy provides ownership with steady and predictable cash flows.
  • Publicly serviced water and sewer directly billed to tenants resulting in reduced expense load.
  • Due to the recent park owned home renovations and roadway improvements, the park requires minimal CAPEX upon takeover.

OVERVIEW

MH Pro Group is pleased to exclusively offer the sale of Scenic Lake Mobile Home Park, a 37-pad manufactured housing community located in Sumter County, South Carolina. Of the 37 Pads, 33 are occupied by park-owned homes (one vacant), two are occupied by tenant-owned homes, and two are empty pads. Water services in the park are public and billed directly to the tenants. The sewer in the park is handled off-site by a regional provider who directly bills the tenants. The current ownership has completed significant CAPEX improvements to the park, which represents an opportunity for new investors to step into steady cash flows.

FOR SALE DETAILS

PRICE

$2,200,000 USD

PRICE/SF

$220 USD /SF

# OF UNITS

35

PRICE/UNIT

$62,857

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Scenic Lake Mobile Home Park

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Manufactured Housing/Mobile Housing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1990

PARKING SPACES

-

LAND DETAILS

LAND ACRES

22.2 AC

LAND SF

967,032 SF

ZONING

Commercial

APN/PARCEL ID

137-13-01-005,150-09-01-002

ASK ABOUT THIS PROPERTY

Henry WalkerMH Pro Group LLCMore Info
864-414-8347

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Henry WalkerMH Pro Group LLCMore Info
864-414-8347

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