Pageland MHP Portfolio | 5622 Steen Rd
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Pageland MHP Portfolio 5622 Steen Rd
28 Unit Mobile Home Park $1,200,000 ($42,857/Unit) 12.34% Cap Rate Jefferson, SC 29718
Investment Highlights
- 10-acre portfolio across four towns with potential for future growth or development
- Mixed utilities & direct pay electricity providing flexibility and manageable operational costs
- Proximity to larger cities like Charlotte, NC, and Columbia, SC, providing access to growing job markets
Executive Summary
Marcus & Millichap is pleased to present the Pageland MHP Portfolio, a 28-pad mobile home park investment opportunity spread across 10 acres in four towns: Jefferson, SC; Mt. Croghan, SC; Pageland, SC; and McBee, SC. This portfolio offers investors an attractive mix of stable cash flow and strong growth potential. The utilities are a mix of well and city water, septic and sewer, while tenants pay for electricity directly (direct pay), helping keep operational costs low.
Pageland MHP Portfolio is located in Chesterfield County, South Carolina, a region experiencing steady growth and benefiting from proximity to larger job markets. Pageland, the largest of the towns in this portfolio, is located about 45 minutes from Monroe, NC, and an hour from Charlotte, NC, making it a desirable location for commuters seeking affordable housing outside the city. Jefferson, Mt. Croghan, and McBee offer similar rural charm, with access to local industries and small-town amenities.
Chesterfield County is supported by a diversified economy that includes manufacturing, agriculture, and retail, providing stable employment opportunities. With its strategic location and ongoing migration from larger cities, Pageland MHP Portfolio is well-positioned to benefit from regional growth trends.
Pageland MHP Portfolio is located in Chesterfield County, South Carolina, a region experiencing steady growth and benefiting from proximity to larger job markets. Pageland, the largest of the towns in this portfolio, is located about 45 minutes from Monroe, NC, and an hour from Charlotte, NC, making it a desirable location for commuters seeking affordable housing outside the city. Jefferson, Mt. Croghan, and McBee offer similar rural charm, with access to local industries and small-town amenities.
Chesterfield County is supported by a diversified economy that includes manufacturing, agriculture, and retail, providing stable employment opportunities. With its strategic location and ongoing migration from larger cities, Pageland MHP Portfolio is well-positioned to benefit from regional growth trends.
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- Offering Memorandum
Property Facts
| Price | $1,200,000 | Property Subtype | Manufactured Housing/Mobile Home |
| Price Per Unit | $42,857 | Lot Size | 10.00 AC |
| Sale Type | Investment | Building Size | 435,600 SF |
| Cap Rate | 12.34% | No. Stories | 1 |
| No. Units | 28 | Year Built | 1990 |
| Property Type | Multifamily |
| Price | $1,200,000 |
| Price Per Unit | $42,857 |
| Sale Type | Investment |
| Cap Rate | 12.34% |
| No. Units | 28 |
| Property Type | Multifamily |
| Property Subtype | Manufactured Housing/Mobile Home |
| Lot Size | 10.00 AC |
| Building Size | 435,600 SF |
| No. Stories | 1 |
| Year Built | 1990 |
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PROPERTY TAXES
| Parcel Number | 051-000-000-098 | Improvements Assessment | $0 |
| Land Assessment | $360 | Total Assessment | $360 |
PROPERTY TAXES
Parcel Number
051-000-000-098
Land Assessment
$360
Improvements Assessment
$0
Total Assessment
$360
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Pageland MHP Portfolio | 5622 Steen Rd
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