Small MHP and home

Multi-Family for Sale
Sale Pending/Contingent
Catylist Listing ID: 30009275
Property Subtypes: Mobile Home Park
Status: Pending/Contingent
Number of Units: 6 Units
Building Size (RSF): 1,086 SF
Gross Building Area: See Agent
Sale Price: $226,500
Unit Price: $37,750 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: 14.0%
Average Occupancy Rate: 95
Last Updated: 1/11/2018

Overview / Comments

Investors take a look at these numbers and run them yourselves. This property is a true cash flow property without you needing to make improvements or raise the rents. The work has already been done. You aren’t the one making the property worth the asking price, it’s already worth it.Gross monthly rent currently at $3,850 and property stays full. Net operating income around $3,000. Those are strong numbers. Empty units are filled fast with little turnover work required. Total of 6 detached units. There is a main house and 5 mobile homes. The home has a new roof, new HVAC, and has been well maintained and painted throughout. Brick exterior required little in the way of upkeep. Two of the trailers have new roofs as well. Trailers are a bit older but bring in market rents for the area. .

Financials

Finance Data Year 2017
Net Operating Income $32,888 (Annual)
Gross Operating Income $42,360 (Annual)
Actual or Proforma Year Actual
Finance Data Year 2016
Real Estate Taxes - Annual($) $2,447 (Annual)
Tax Value Land $50,784
Tax Value Improvements $123,800
Net Operating Income $33,725 (Annual)
Gross Operating Income $41,284 (Annual)
Actual or Proforma Year Actual

Additional Details

Nearest MSA: Charleston-North Charleston
County: Charleston
Submarket/Township: 32 - N.Chas./Summerville outside I-526
Tax ID/APN: 473-15-00-039
Percent Occupied: 100%
Total Number of Buildings: 6
Property Condition: Fair
Number of Stories: 1
Year Built: 1955

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,988 47,220 119,573
Median Age: 34.87 32.84 33.39
Households: 3,986 18,219 46,355

Contact

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