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Mobile Home Park

Gaston Mobile Home Portfolio

264 Wedgefield Cir, Gaston, SC 29053

Listing Price: $739,000

Cap Rate
9.97%
Number of Spaces
17
Lot Size
9.70 acres
Occupancy
100.0%
Price/Space
$43,471
Spaces/Acre
1.75
Year Built
1999

Investment Overview

The McDaniel Team of Marcus and Millichap are pleased to present the Gaston Mobile Home Park Portfolio. Consisting of 9 adjacent parcels totaling 9.7 Acres. This fully occupied park consists of 17-Park owned homes. The Units are on Well Water and Septic maintained by ownership and the Tenants are responsible for the electricity & trash. Current Ownership has renovated 6 of the Mobile Homes for ~ $10,000 per home. The renovated units have an increased rent of ~ 20% +. New ownership has an opportunity to get Seller Financing with Interest Only Payments and continue renovations on the remaining 11 Mobile Homes. Gaston is located just 20 minutes south of South Carolina’s capital, Columbia SC, and has a high demand for Manufactured Housing.

Investment Highlights

  • Seller Financing Option
  • Proven Value Add Strategy
  • Commuting Distance to Columbia
  • High Demand for Manufactured Housing
  • South Carolina has seen an average 8.45% year-over-year growth

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Vice President/Regional Manager

    (843) 952-2300

    License(s) SC: 86628

    South Carolina

Mobile Home Park

Gaston Mobile Home Portfolio

Listing Price: $739,000

Cap Rate
9.97%
Number of Spaces
17
Lot Size
9.70 acres
Occupancy
100.0%
Price/Space
$43,471
Spaces/Acre
1.75
Year Built
1999

Investment Highlights

  • Seller Financing Option
  • Proven Value Add Strategy
  • Commuting Distance to Columbia
  • High Demand for Manufactured Housing
  • South Carolina has seen an average 8.45% year-over-year growth

Investment Overview

The McDaniel Team of Marcus and Millichap are pleased to present the Gaston Mobile Home Park Portfolio. Consisting of 9 adjacent parcels totaling 9.7 Acres. This fully occupied park consists of 17-Park owned homes. The Units are on Well Water and Septic maintained by ownership and the Tenants are responsible for the electricity & trash. Current Ownership has renovated 6 of the Mobile Homes for ~ $10,000 per home. The renovated units have an increased rent of ~ 20% +. New ownership has an opportunity to get Seller Financing with Interest Only Payments and continue renovations on the remaining 11 Mobile Homes. Gaston is located just 20 minutes south of South Carolina’s capital, Columbia SC, and has a high demand for Manufactured Housing.

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Vice President/Regional Manager

    (843) 952-2300

    License(s): SC: 86628

    South Carolina

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