R and A MHP | 8947 Salamander Rd
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R and A MHP 8947 Salamander Rd
12 Unit Mobile Home Park $997,000 ($83,083/Unit) 8.05% Cap Rate Charleston, SC 29406
Investment Highlights
- Ability to Increase Rents
- Well Maintained by Current Ownership
- Located Off I-26, Easy for Commuting
Executive Summary
Marcus and Millichap is pleased to present R & A Mobile Home Park, located in North Charleston, South Carolina, situated right off I-26 near the major retail corridor on Rivers Avenue.
The property consists of:
- 2 Single Family Rentals
- 10 Mobile Home Pads
- 7 Park Owned Homes
-2 Tenant Owned Homes
-1 Vacant Lot
The property is on City Water and Sewer. The water is on a master meter, but the homes are metered. Ownership currently bills back the tenants for water. Trash is included in ownership taxes and handled by the city. Tenants are responsible for electric and maintaining landscaping. The road is private and paved with off street gravel parking for all homes.
The property consists of:
- 2 Single Family Rentals
- 10 Mobile Home Pads
- 7 Park Owned Homes
-2 Tenant Owned Homes
-1 Vacant Lot
The property is on City Water and Sewer. The water is on a master meter, but the homes are metered. Ownership currently bills back the tenants for water. Trash is included in ownership taxes and handled by the city. Tenants are responsible for electric and maintaining landscaping. The road is private and paved with off street gravel parking for all homes.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
| Price | $997,000 | Property Subtype | Manufactured Housing/Mobile Home |
| Price Per Unit | $83,083 | Lot Size | 2.30 AC |
| Sale Type | Investment | Building Size | 8,500 SF |
| Cap Rate | 8.05% | Average Occupancy | 100% |
| No. Units | 12 | No. Stories | 1 |
| Property Type | Multifamily | Year Built/Renovated | 1978/2000 |
| Price | $997,000 |
| Price Per Unit | $83,083 |
| Sale Type | Investment |
| Cap Rate | 8.05% |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Manufactured Housing/Mobile Home |
| Lot Size | 2.30 AC |
| Building Size | 8,500 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built/Renovated | 1978/2000 |
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R and A MHP | 8947 Salamander Rd
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