Investment Overview

Marcus & Millichap is pleased to present Denny Terrace MHP, a 21-unit, stabilized with significant upside, manufactured housing community located in a strong market. Columbia, SC is the state capital and largest city in South Carolina. It is home to a range of industries, including government, education, healthcare, military, and manufacturing. The University of South Carolina, one of the largest universities in the southeastern United States, is a significant driver of the local economy. The healthcare sector is anchored by Palmetto Health and the Lexington Medical Center, both of which are major employers. The city is also home to the South Carolina Department of Health and Environmental Control (DHEC), and Fort Jackson, the U.S. Army’s largest basic training installation. It has a growing manufacturing and technology sector, and his home to companies like SCANA (energy), Nephron Pharmaceuticals, and Westinghouse Electric. With a growing population and rising demand for housing, manufactured housing communities provide a key solution for those seeking affordable living in an increasingly expensive rental market. Denny Terrace MHP is a total of 21 units consisting of 16 tenant owned homes (TOH), 1 rented park owned home (POH), 1 storage unit, and 3 vacant manufactured housing (MH) lots. The average lot rental rate per month is $362 per month, the POH rents for $700 per month above lot rent, and the storage unit rents for $400 per month. The POH is a 1999 Norris model and in good condition. The park is serviced by public water that is sub metered and billed back to tenants, a septic system that is paid for by the park and included in rent, and dumpster that is paid for by the park and included in rent. The roads are paved and in average condition. The park is NOT in a flood zone and is NOT in an opportunity zone. We are asking investors to submit offers at $900,000. All offers must include price, inspection timelines, list of due diligence required from owners, proof of funds, and relevant real estate experience.