Listed by Sperry - Griffin Partners
$89,900
Orangeburg MH Lot Rentals
Details
APN 0174-20-12-001.000
Property Type Multifamily, Mobile Home Park
Sub Type Apartment Building
Units 3
Cap Rate 6.34%
NOI $6,000
Acreage 3.000
Investment Type Value Add
Multifamily | 6.34% CAP | 3 Units
Marketing description
Three rented mobile home lots with the ability to add a minimum two more. Current lot rents are below market at $225 per lot. Owner plans to increase to $240 per lot in July 2026. The current MH lot rents on the market range from $300-350 per month allowing for great upside. The lots are managed, owner is out of state and completely absentee. Only expenses include $604 annual taxes and $50 per unit per month management fee. Current annual NOI of $5,700. Proforma NOI of $11,400 with rents at market rate of $300 /lot and adding one lot for rent on additional land. Owner selling for land value.
Investment highlights
- 3 rented MH lots
- Currently below market lot rent/ upside
- Located on City of Orangeburg sewer, water, gas
- Professionally managed/ owner is absentee
- Additional land included to add more lots (2-3)
- Number of Units: 3
Listing Contacts
Listed by Sperry - Griffin Partners
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$6,000.00
$500.00/mo
Valuation Metrics
0
DSCR
6.67%
Cap Rate
6.67%
ROI
Map
Zoning
FA AgricultureForest And Agriculture
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View all 207 uses Last updated May 6, 2026 For deeper zoning details, reports are available at Zoneomics
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