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Mobile Home Park

Magnolia Homes Mobile Home Park

109 E 8th N St, Summerville, SC 29483

Listing Price: $1,750,000

Cap Rate
7.90%
Number of Spaces
21
Lot Size
1.76 acres
Occupancy
100.0%
Price/Space
$83,333
Spaces/Acre
11.93
Year Built
1985

Investment Overview

Marcus & Millichap is pleased to present for sale Magnolia Homes, Mobile Home Park, located in Summerville, South Carolina. The Park is situated on 1.76+/- acres and consists of 20 Pads & 1 single family rental home. All Manufactured Homes are park owned; 3 double wide & 17 single wide. The Park is located in the heart of Downtown Summerville, off I-26 across the street from an Aldi Grocery Store. It is also in close proximity to all local demand generators including the brand new Nexton Square Mall development, restaurants, and Azalea Square, a 525K+ Sq. Ft. outdoor shopping center. The Park has paved off-street parking, central HVAC, laundry in each unit, and City water & sewer. Tenants are responsible for electricity and Ownership pays for water. The Park has been well maintained and is fully occupied. New ownership has the opportunity to increase rents in one of the fastest growing areas in the state.

Investment Highlights

  • Located in Downtown Summerville
  • Well Maintained Park
  • High Barrier to Entry Market

Exclusively Listed By

Mobile Home Park

Magnolia Homes Mobile Home Park

Listing Price: $1,750,000

Cap Rate
7.90%
Number of Spaces
21
Lot Size
1.76 acres
Occupancy
100.0%
Price/Space
$83,333
Spaces/Acre
11.93
Year Built
1985

Investment Highlights

  • Located in Downtown Summerville
  • Well Maintained Park
  • High Barrier to Entry Market

Investment Overview

Marcus & Millichap is pleased to present for sale Magnolia Homes, Mobile Home Park, located in Summerville, South Carolina. The Park is situated on 1.76+/- acres and consists of 20 Pads & 1 single family rental home. All Manufactured Homes are park owned; 3 double wide & 17 single wide. The Park is located in the heart of Downtown Summerville, off I-26 across the street from an Aldi Grocery Store. It is also in close proximity to all local demand generators including the brand new Nexton Square Mall development, restaurants, and Azalea Square, a 525K+ Sq. Ft. outdoor shopping center. The Park has paved off-street parking, central HVAC, laundry in each unit, and City water & sewer. Tenants are responsible for electricity and Ownership pays for water. The Park has been well maintained and is fully occupied. New ownership has the opportunity to increase rents in one of the fastest growing areas in the state.

Exclusively Listed By

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