Pine Ridge MHC - Columbia, SC MSA

BWE Investment Sales, LLC (BWE) is pleased to offer the exclusive opportunity to acquire Pine Ridge MHC.​ Pine Ridge is an 82-lot mobile home community located in Gaston, South Carolina, about 11 miles southeast of the state capital, Columbia.​ The current average lot rent is $472.​ The community is serviced by private well water, septic and dumpster trash, which are all included in rent.​

Pine Ridge has 23 park owned homes and rent to own homes that are between the ages of 2020 and 2021, giving an investor the opportunity to capture some of the upside in selling these units during the hold period.​ We are offering this community at $5,700,000, which includes those 23 new homes delivered free and clear at closing or an investor could assume the current chattel loans.​

Convenient Location

Pine Ridge MHC is conveniently located near US Highway 321, providing residents with easy access to downtown Columbia, South Carolina (~11 miles), which is home to the University of South Carolina. The institution is ranked No. 2 in Best Colleges in South Carolina (niche.com).

Rent Upside

Per our rent survey, Pine Ridge is below the current market rents and gives an investor the opportunity to achieve market rents during the hold period.

New POH/RTO Inventory

There are 23 new homes between the ages of 2020 and 2021.

Utilities

Pine Ridge MHC is serviced by private well, septic, and dumpster trash, which are all included in rent.