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Mobile Home Park

5519 Woodbine MHP

5519 Woodbine Ave, North Charleston, SC 29406

Listing Price: $545,000

Cap Rate
11.54%
Number of Spaces
8
Lot Size
0.68 acres
Occupancy
100.0%
Price/Space
$68,125
Spaces/Acre
11.76
Year Built
1959

Investment Overview

The McDaniel Team of Marcus & Millichap is pleased to present for the sale 5519 Woodbine Avenue Mobile Home Park, located in North Charleston, South Carolina. The Park is currently operated under a 5-year Triple Net Lease with Shield Ministries. The Park consists of 5 Park Owned Homes, Duplex, and a two-story single-family home that can be converted into a duplex. The age of the Park Owned Homes ranges from 1967-1984 and have been renovated to add an additional bedroom. The property is situated just off Rivers Avenue with close proximity to I-26 and Charleston International Airport. This location is ideal with being next to a dense commercial corridor of North Charleston. This is a rapidly expanding market and has limited supply of mobile home parks. New ownership has the opportunity to acquire a unique MHP under a Triple Net Lease and then renovate the park to maximize rents after the NNN Lease.

Investment Highlights

  • NNN Lease with Mini mal Expenses & Management
  • Centrally Located Next to Both Interstate-26 and Interstate-526
  • High Barrier to Entry Market with a Competitively Priced Asset

Exclusively Listed By

Listing Price: $545,000

Cap Rate
11.54%
Number of Spaces
8
Lot Size
0.68 acres
Occupancy
100.0%
Price/Space
$68,125
Spaces/Acre
11.76
Year Built
1959

Investment Highlights

  • NNN Lease with Mini mal Expenses & Management
  • Centrally Located Next to Both Interstate-26 and Interstate-526
  • High Barrier to Entry Market with a Competitively Priced Asset

Investment Overview

The McDaniel Team of Marcus & Millichap is pleased to present for the sale 5519 Woodbine Avenue Mobile Home Park, located in North Charleston, South Carolina. The Park is currently operated under a 5-year Triple Net Lease with Shield Ministries. The Park consists of 5 Park Owned Homes, Duplex, and a two-story single-family home that can be converted into a duplex. The age of the Park Owned Homes ranges from 1967-1984 and have been renovated to add an additional bedroom. The property is situated just off Rivers Avenue with close proximity to I-26 and Charleston International Airport. This location is ideal with being next to a dense commercial corridor of North Charleston. This is a rapidly expanding market and has limited supply of mobile home parks. New ownership has the opportunity to acquire a unique MHP under a Triple Net Lease and then renovate the park to maximize rents after the NNN Lease.

Exclusively Listed By

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