Investment Overview

Marcus & Millichap is pleased to present Dawson MHP, a stabilized with significant upside investment opportunity consisting of 34 manufactured housing lots in Chester, SC. Located less than an hour from downtown Charlotte, less than 30 minutes from Rock Hill, SC, and with easy access to Interstate 77, this community is well positioned to continue providing affordable housing in a growing region. Chester’s economy is known for manufacturing, logistics and distribution, and agriculture. Dawson MHP is a total of 34 manufactured housing (MH) lots consisting of 29 tenant owned homes (TOH), 3 rent to own homes (RTO), 1 rented park owned home (POH), and 1 vacant MH lot. The average lot rental rate per month is $355, the average RTO payment above lot rent is $467, and the POH rents for $675 above lot rent. The POH is a 2020 Legacy model that is on lease from Legacy with a lease end date of September 2028. The park is serviced by public water and sewer that are billed directly to tenants. Electricity is also public and billed directly to tenants. Trash is serviced by curbside bins, which is billed back to tenants at a flat rate. The roads are gravel and in average condition. The park was originally zoned for 39 lots, but it is unlikely that more than 34 lots are usable, so no credit is being given to the additional 5 lots. The park is NOT in a flood zone. It is in an opportunity zone. We are asking investors to submit offers at $1,635,000. All offers must include price, inspection timelines, proof of funds, and relevant real estate experience.