Mobile Home Park
Gaston Mobile Home Portfolio
264 Wedgefield Cir, Gaston, SC 29053
Listing Price: $739,000
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
Listing Price: $739,000
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
