Percival Park MHC

– The community is ideally located in Columbia, SC and near major

thoroughfare I-20, providing easy access to other larger markets

such as Augusta, Charlotte, and Atlanta.​

– Columbia is the largest city and the capital of the state of South

Carolina, home to more than 144,000 residents, while the metro

area contains roughly 858,000 residents.​

– The city is home to the University of South Carolina (USC), the

state’s flagship and largest university, boasting an enrollment

of nearly 54,000 students across the eight campuses.​ The

university has forged ties with global industry giants, driving

hundreds of millions of dollars into the state’s economy.​

– Columbia is also the site of Fort Jackson, the largest United

States Army installation for Basic Combat Training.​ Columbia

enjoys a diversified economy, with the major employers in the

area being South Carolina state government, the Prisma Health

system, Blue Cross Blue Shield of South Carolina, Unites States

Department of the Army, and the University of South Carolina.​

– Columbia is a creative hub, fed by university and capital city

communities - all while being surrounded by natural beauty.​

From cozy enclaves of coffee shops and cocktail bars to bustling

downtown streets to quiet havens of incredible natural beauty,

Columbia’s neighborhoods are diverse and distinct, each offering

its own unique delights to discover.​

– Five Points District is one of Columbia’s busiest and most

charming, pedestrian-friendly neighborhoods.​ The district

plays host to daytime activities such as sidewalk dining and

shopping and at night, Five Points turns into one of Columbia’s

most vibrant entertainment districts, offering patrons a unique

experience that cannot be duplicated anywhere else in the

country.​ From funky, independent, daytime merchants to

creative bar and restaurant concepts and more, the 150-business

district leaves a lasting impression on anyone who visits.​

Opportunity to purchase a fully

occupied 13-site manufactured

housing community in the highly

desirable Columbia, SC market.

– The community, serviced by well water and city sewer,

features an attractive layout with off-street parking and

shaded trees throughout.

– Value-add opportunity to raise lot rents to boost

revenue. According to the rent comps on page 4,

the average all-in rent (lot and home) for comparable

properties is $1,056 versus $792 at the subject

community. Moving all tenants up to market rent at

current occupancy levels would add over $41,000 in

additional annual rental revenue for the next owner.

Surrounding apartments and single-family homes are

renting for $1,400+, thus further demonstrating the

below market rents at the subject community.

– Further value-add opportunity to install submeters and

start billing tenants back for their water/sewer usage.

– The offering includes 13 park-owned homes, of which

13 are currently occupied as pure rentals averaging

$331 for the home rent portion. The homes are all

1990s models and in fantastic condition.

– The current owner has spent approximately $8,100 in

total on rehabbing two of the units (including replacing

the HVAC Condenser).

– There is a strong demand for affordable housing in this

market. Within a 10-mile radius of the community, the

total population is 326,621 with average household

income of $93,100 and average home values

of $311,837.