49 Space MHP in South Carolina South Carolina

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Property type: Mobile Home Park

Description

INVESTMENT HIGHLIGHTS

  • Minimal expenses
  • Tenants pay all utilities
  • Upside potential with occupancy only at 43%
  • Below market rent
  • Priced for land value only!

Dawsey Mobile Home Park is a 3-star park which with road improvements could easily be improved.

The Park was built in two phases with the first phase built in the mid 1980’s with homes sitting on 1/8 acre lots. Each lot has its own street address and 200-amp service. The second phase was built in the 1990’s with each home sitting on 1/4 acre lots with street addresses and underground 200-amp service.

The Park consists of 49 mobile home lots on 5 acres, an office/ shop and 2 ponds. Together, this is over 16 acres.

The price will increase as units are refurbished.

An investor with a future vision of value will recognize Dawsey MHP’s value could potentially be over $1M by simply bringing on homes in need of rehab along with filling vacant spaces with new homes.

The property is currently priced for land value. Income is just a bonus!

Contact the owner