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Darlington MHP

Mobile Home Park | 8.37% CAP | 20 Pads

Listing Contacts

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Active

Asking Price: $655,000
Listing Broker NameBen Yelm
Address 

1337 Lide Springs Rd, Darlington, SC 29540

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Date Added
Nov 15, 2024
Days on Market
123 days
Time Since Last Update
27 days

Details

Property TypeMobile Home Park
SubtypeManufactured Home Communities
Cap Rate8.37%
NOI$43,757
Pads20
Year Built1995
Lot Size (acres)16.42

Marketing Description

Marcus & Millichap is pleased to present Darlington MHP, an attractive mobile home park investment opportunity located in Darlington, South Carolina.​ This 20-pad community features a balanced mix of tenant types with 7 lot rentals, 11 rent-to-own units, and 2 vacant lots, providing immediate revenue with additional upside potential.​ Utilities are structured for cost-efficiency, as tenants are responsible for their own electricity, water is city-provided, and sewer is handled via a septic system, which helps reduce ongoing owner expenses.​

Darlington, South Carolina, is a growing community with a robust local economy supported by manufacturing, agriculture, and healthcare industries.​ With its low cost of living and consistent demand for affordable housing, the area is an appealing market for long-term tenants seeking affordable options.​ This park’s diverse income streams help ensure stability, and the two vacant lots offer an immediate value-add opportunity to enhance cash flow and occupancy rates.​

Investment Highlights

  • Efficient Utility Structure: The parks utility setup minimizes owner expenses while providing reliable services for residents.

  • Upside Through Vacancy Fill: Immediate potential to increase revenue by filling vacant spaces, enhancing cash flow and the property’s overall return on investment.

  • Consistent Demand for Affordable Housing: The steady demand for adorable housing in the area supports long-term occupancy stability and continued rental growth.

Valuation Calculator

Valuation Calculator

Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$43,757.00
$3,646.42/mo

Valuation Metrics

0
DSCR
6.68%
Cap Rate
6.68%
ROI

Due Diligence

Due diligence information will be provided.
Please reach out to the listing contacts for details.

Contact

Listing Contacts

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Broker Name
Ben Yelm
Broker License
SC 86628
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