Mobile Home Property within the Ravenel Commercial Overlay District

Multi-Family for Sale
Catylist Listing ID: 30798494
Property Subtypes: Mobile Home Park
Number of Units: 7 Units
Building Size (RSF): 130,680 SF
Sale Price: $400,000
Unit Price: $57,142.86 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: 0.04%
Last Updated: 4/17/2022

Overview / Comments

Wonderful opportunity to own 3.1 acres with 192 ft of frontage on Savannah Highway. Located in the commercial overlay district of Ravenel. Current zoned MH PARK and Commercial Homogenous Area.

There are seven, tenant-owned, mobile homes on the property with month-to-month leases at $250.00 per month. Rent hasn't been changed in years. The property is on septic and well and has a pump station. Sewer and water available at street.

Additional Details

Nearest MSA: Charleston-North Charleston
County: Charleston
Submarket/Township: 13 - Rural W.Ashley-Ravenel/Hollywood/Meg
Tax ID/APN: 1870000066
Zoning: OTHER
Highway Access: 192 feet fronting Highway 17
Year Built: 1971
Water Service: Well
Sewer Type: Septic

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 4,178 7,272
Median Age: 41.25 44.52
Households: 1,571 2,823

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