10001 Garners Ferry Rd
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10001 Garners Ferry Rd
76 Unit Mobile Home Park $3,900,000 ($51,316/Unit) Eastover, SC 29044
Investment Highlights
- 76 Sites
- Road Frontage on Garners Ferry
- 34 new homes
- City Water & Lagoon Sewer
- Part of the parcel is in zone AE it does not overlap into any of the existing development
Executive Summary
Aline Capital’s MH/RV team is pleased to present Cedar Creek Manufactured Housing Community – a 76-pad MH/RV Community situated just 15 miles to the heart of Columbia, SC. The community spans roughly 14 acres. A great value-add opportunity, with room to increase rents to market and infill vacant pads. The infill opportunity creates a strong value add scenario allowing new ownership to increase cashflow day one through the rental income and fill vacant pads as new ownership desires. Columbia, SC MSA continues to experience robust economic growth and a steady influx of residents. As a result, the demand for affordable housing options, particularly in the form of mobile homes, is on the rise. This community offers new ownership a fantastic opportunity to recoup equity by selling the 34 park owned homes 2021 model or newer. Cedar Creek is also in the process of tapping into city water so new ownership will be off of the well water. Part of the parcel is in zone AE it does not overlap into any of the existing development.
Sellers will owner finance will $2,000,000 down for a 5-year term at a rate of 7% interest only.
Less down is available if buyer assumes the mortgage for the park owned homes.
Sellers will owner finance will $2,000,000 down for a 5-year term at a rate of 7% interest only.
Less down is available if buyer assumes the mortgage for the park owned homes.
Property Facts
| Price | $3,900,000 | Building Class | C |
| Price Per Unit | $51,316 | Lot Size | 14.19 AC |
| Sale Type | Investment | Building Size | 1,000 SF |
| No. Units | 76 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 2000 |
| Property Subtype | Manufactured Housing/Mobile Home |
| Price | $3,900,000 |
| Price Per Unit | $51,316 |
| Sale Type | Investment |
| No. Units | 76 |
| Property Type | Multifamily |
| Property Subtype | Manufactured Housing/Mobile Home |
| Building Class | C |
| Lot Size | 14.19 AC |
| Building Size | 1,000 SF |
| No. Stories | 1 |
| Year Built | 2000 |
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Alex Willer -
John Drummond -
Dylan Kidd -
Aline Capital
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10001 Garners Ferry Rd
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