Mobile Home Park
Dillon Acres MHP
1344 SC-57, Dillon, SC 29536
Listing Price: $4,200,000
Investment Overview
Marcus & Millichap is pleased to present Dillon Acres Mobile Home Park, a 74-lot community located in Dillon, South Carolina. The property offers a balanced mix of tenant-owned homes (TOHs) and park-owned homes (POHs), with 27 occupied TOHs, 44 occupied POHs, and additional upside through 3 vacant lots. This occupancy profile provides investors with both stable in-place cash flow and immediate value-add potential through lease-up and infill.
The community is situated on two parks totaling 34.9 acres. The park benefits from city water and private septic systems, with all electric billed directly to tenants. Roads are mostly public and paved while driveways are private gravel. Landscaping is professionally maintained by a third-party vendor. This operational structure minimizes ownership responsibilities and allows for efficient ongoing management.
Dillon Acres MHP represents an attractive opportunity to acquire scale in a growing market at a competitive basis, with upside through POH conversions, lot rent growth, and occupancy stabilization.
Dillon Acres MHP
Investment Highlights
- Scale and Density: 74 total lots across 34.9 acres, providing an investor with immediate scale in the Dillon, SC market.
- Balanced Occupancy Mix: Strong in-place cash flow from 27 tenant-owned homes and 44 park-owned homes, with upside through converting POHs to TOHs.
- Value-Add Potential: Additional revenue opportunity through lease-up of 3 vacant lots.
- Public Water Utility: City water service reduces operational risk and long-term capital expenditure exposure.
- Tenant-Paid Utilities: Electricity is billed directly to tenants, minimizing ownership expenses and boosting NOI stability.
- Professional Maintenance Structure: Vendor-managed lawncare and private roads streamline operations and lower management burden.
Listing Price: $4,200,000
Investment Highlights
- Scale and Density: 74 total lots across 34.9 acres, providing an investor with immediate scale in the Dillon, SC market.
- Balanced Occupancy Mix: Strong in-place cash flow from 27 tenant-owned homes and 44 park-owned homes, with upside through converting POHs to TOHs.
- Value-Add Potential: Additional revenue opportunity through lease-up of 3 vacant lots.
- Public Water Utility: City water service reduces operational risk and long-term capital expenditure exposure.
- Tenant-Paid Utilities: Electricity is billed directly to tenants, minimizing ownership expenses and boosting NOI stability.
- Professional Maintenance Structure: Vendor-managed lawncare and private roads streamline operations and lower management burden.
Investment Overview
Marcus & Millichap is pleased to present Dillon Acres Mobile Home Park, a 74-lot community located in Dillon, South Carolina. The property offers a balanced mix of tenant-owned homes (TOHs) and park-owned homes (POHs), with 27 occupied TOHs, 44 occupied POHs, and additional upside through 3 vacant lots. This occupancy profile provides investors with both stable in-place cash flow and immediate value-add potential through lease-up and infill. The community is situated on two parks totaling 34.9 acres. The park benefits from city water and private septic systems, with all electric billed directly to tenants. Roads are mostly public and paved while driveways are private gravel. Landscaping is professionally maintained by a third-party vendor. This operational structure minimizes ownership responsibilities and allows for efficient ongoing management. Dillon Acres MHP represents an attractive opportunity to acquire scale in a growing market at a competitive basis, with upside through POH conversions, lot rent growth, and occupancy stabilization.
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