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CRest haven MOBILE HOME PARK
Investment Highlights:
25 space, all-age manufactured housing community 24 park-owned homes | 1 lot rental
5 mins from Fort Jackson gate and 10 mins away to Walmart and Garners Ferry cooridor Community well water | Septic tanks
All units recently cool coated and exteriors painted 5 year average tenant length
Adjacant 3.5 acres available separately for expansion
Property Summary: Property Name Mobile Home ParkProperty Address 4500 Leesburg Road, Hopkins,SC 29061Type of Park All Age Rental Agreement One Year Number of Spaces 2Vacant Spaces Number of Park Owned Homes 2Land Size 3 AcresList Price $750,000 Parking Ample
Utilities Paid By Company Water Landlord o un Electric Tenant Sewer Landlord u s s sTrash Landlord Waste Management
Crest Haven Mobile Home Park is a 25 space, all-age community located in Hopkins, SC. It is located on 3.5 acres & being offered on the basis of its current income. Tenants are rigorously screened, with an average stay of 5 years. The park is extremely well maintained, and has virtually no deferred maintenance.
Hopkins, South Carolina is located just outside of Columbia, SC at the intersection of Interstate 77 and Interstate 26, and centrally located in the state. It is currently a major hub for Fort Jackson Military Base, State Capital, VA Hospital and University of South Carolina. Amazon and SCE&G also have headquarters here. The average 3-bedroom apartment rents in area for $963. Unemployment rate is 3.25%, lower than the U.S. unemployment rate of 4%. Median home price in Columbia, SC is $170,000.
Yearly EXPENSES
Comments: 2 1 u ns s w 3 o Repairs/Maintenance n higher than normal dueto completing the rehab n o un s
Current Real Estate Taxes $ 1
Insurance Liability $11 Well and street lights
Well Testing $1620Grounds keeping 2
$23
Total $1 35Repairs & Maintenance $15600
Total Expenses $32235% of EGI 20.5%
Income Current GROSS POTENTIAL INCOME $1 Vacancy/Collection Allowance (% of GPI) 5% / $ 3EFFECTIVE GROSS INCOME $159,372 Total Expenses $32,235NET OPERATING INCOME $127,137
2 2
Trash
Rent Roll
Name Lot # Incomes 1 1 2b2b
s 2 2 2b2b .00
s 3 3 2b2b .00
s 4 2b1b 495.00 s Lot n5
s 6 2b1b
s 7 2b1b .00
s 8 2b1b 5 5.00
s 9 2b2b 95.00
10 2b2b 95.00
s 11 11 3b2b 5.00
s 12 12 2b2b 595.00
s 13 13 3b2b .00
s 1 14 2b1b .00
s 1 15 2b1b 4 .00
s 1 16 3b2b .00
s 1 17 2b2b .00
s 1 18 2b1b 4 .00
s 1 19 3b2b .00
s 2 20 2b1b .00
s 21 21 2b1b 4 .00
s 22 22 3b1b .00
s 23 23 3b2b .00
Crest H10
250.00
11 years
2 years
1 year
2 years
3 years
15 years
1 year
3 years
1 year
1 year
1 year
2 years
1 year
1 year
5 years
10 years
4 years
6 years
1 year
4 years
1 year
7 years
3 years
Occupancy
s 2 24 3b2b
s 2 25 2b2b
Total 13,980 33,015.00
Vital Data
CAP Rate 16.59% $749,900$156,700
List Price Effective Gross Income Net Operating Income $124,465
3 years
1 year
Offered by: Century 21 VanguardKeith Ancone & Michael Kennedy
803.429.3591 | 803.622.0681