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Mobile Home Park

Crest Haven MHP

4500 Leesburg Rd, Hopkins, SC 29061

Listing Price: $1,450,000

Cap Rate
10.69%
Number of Spaces
25
Lot Size
3.50 acres
Occupancy
80.0%
Price/Space
$58,000
Spaces/Acre
7.14
Year Built
1985

Investment Overview

Marcus and Millichap is pleased to present for sale Crest Haven Mobile Home Park, located in Hopkins, South Carolina. The Park is situated on +/- 3.5 Aces and consists of 24 Park Owned Homes on a total of 25 Pads. The subject property had renovations done on the park and trailers in 2022. Current ownership put in 6-inch crushed asphalt on the driveway and added off street parking. Ownership has also renovated 20 of the 24 Park Owned Homes with ~$10,000 in renovations per unit. The renovations varied based on the condition of the unit. With these renovations current ownership has increased the Average Rent by over 35%. New Ownership has an opportunity to renovate the remaining Four Park Owned Homes, fill a vacant lot, and continue to increase rents to market rate.

Investment Highlights

  • Recently Improved Road and Mobile Homes
  • Ability to Increase Rents to Market Rate
  • Close Proximity to Fort Jackson
  • Located on Leesburg Road

Exclusively Listed By

Mobile Home Park

Crest Haven MHP

Listing Price: $1,450,000

Cap Rate
10.69%
Number of Spaces
25
Lot Size
3.50 acres
Occupancy
80.0%
Price/Space
$58,000
Spaces/Acre
7.14
Year Built
1985

Investment Highlights

  • Recently Improved Road and Mobile Homes
  • Ability to Increase Rents to Market Rate
  • Close Proximity to Fort Jackson
  • Located on Leesburg Road

Investment Overview

Marcus and Millichap is pleased to present for sale Crest Haven Mobile Home Park, located in Hopkins, South Carolina. The Park is situated on +/- 3.5 Aces and consists of 24 Park Owned Homes on a total of 25 Pads. The subject property had renovations done on the park and trailers in 2022. Current ownership put in 6-inch crushed asphalt on the driveway and added off street parking. Ownership has also renovated 20 of the 24 Park Owned Homes with ~$10,000 in renovations per unit. The renovations varied based on the condition of the unit. With these renovations current ownership has increased the Average Rent by over 35%. New Ownership has an opportunity to renovate the remaining Four Park Owned Homes, fill a vacant lot, and continue to increase rents to market rate.

Exclusively Listed By

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