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Mobile Home Park

Southgates Estates MHP

432 Binnicker Bridge Rd, Orangeburg, SC 29115

Listing Price: $1,900,000

Cap Rate
10.75%
Number of Spaces
55
Lot Size
39.13 acres
Occupancy
91.0%
Price/Space
$34,545
Spaces/Acre
1.41
Year Built
1986

Investment Overview

Marcus and Millichap are pleased to present Southgate Estates Mobile Home Park located in Orangeburg, South Carolina. Southgate Estates Mobile Home Park currently consists of 55 pads with 53 park-owned homes, one tenant-owned home, and one home that is currently used as an office. The park has been self-managed for over 14 years. It has one meter for city water that ownership pays, while the sewer is septic with one tank assigned per pad. Tenants are responsible for electricity. Current ownership currently has an additional eight pads approved by the County of Orangeburg along with another 19 pads that are pending approval. This gives new ownership the ability to increase the unit count by ~50%.

Investment Highlights

  • High Demand for Housing Market
  • Ability to Add an Additional 27 Pads
  • Close Proximity to Highest Rated School District

Exclusively Listed By

Mobile Home Park

Southgates Estates MHP

Listing Price: $1,900,000

Cap Rate
10.75%
Number of Spaces
55
Lot Size
39.13 acres
Occupancy
91.0%
Price/Space
$34,545
Spaces/Acre
1.41
Year Built
1986

Investment Highlights

  • High Demand for Housing Market
  • Ability to Add an Additional 27 Pads
  • Close Proximity to Highest Rated School District

Investment Overview

Marcus and Millichap are pleased to present Southgate Estates Mobile Home Park located in Orangeburg, South Carolina. Southgate Estates Mobile Home Park currently consists of 55 pads with 53 park-owned homes, one tenant-owned home, and one home that is currently used as an office. The park has been self-managed for over 14 years. It has one meter for city water that ownership pays, while the sewer is septic with one tank assigned per pad. Tenants are responsible for electricity. Current ownership currently has an additional eight pads approved by the County of Orangeburg along with another 19 pads that are pending approval. This gives new ownership the ability to increase the unit count by ~50%.

Exclusively Listed By

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