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31995346
31995347

5544 Dobson Street, North Charleston, SC 29406 For Sale

CF
SC 139774
Marcus & Millichap - Charleston
PB
SC 137927
Marcus & Millichap - Charleston
RL
SC 118061
Marcus & Millichap - Charleston
WG
Marcus & Millichap - Charleston
Listed by Marcus & Millichap - Charleston
$1,575,000
83 days on market
Updated 17 days ago

Dobson MHP

Details
Property Type Multifamily, Mobile Home Park
Pads 20
Cap Rate 9.65%
NOI $152,037
Year Built 1950
Acreage 1.900
Ground Lease No

About This Property for Sale

Marketing description

Marcus & Millichap is pleased to present Dobson MHP, a 19 pad manufactured housing community with an additional single family residence located in North Charleston, one of the most dynamic and rapidly growing submarkets within the greater Charleston MSA. Situated on approximately 1.9 acres, the property features a well balanced mix of 16 park owned homes (POHs), 3 tenant owned homes (TOHs), and a single family residence, providing multiple income streams and operational flexibility for investors. The asset presents a compelling opportunity to acquire a stabilized community with in place cash flow while offering upside through operational efficiencies and potential rent growth.

The North Charleston market continues to benefit from strong population growth, a diverse employment base, and ongoing economic investment throughout the region. Anchored by major employers such as Boeing, Mercedes-Benz Vans, and the Charleston International Airport, the area has experienced sustained demand for affordable housing options, positioning manufactured housing communities as an increasingly attractive asset class. Additionally, the property’s proximity to Park Circle, a rapidly revitalizing district known for its dining, retail, and community amenities, further enhances its appeal to residents. Continued infrastructure expansion and access to the Port of Charleston have supported job creation and long term economic stability. As housing affordability constraints persist across the broader Charleston region, communities like Dobson MHP are well positioned to capture renter demand seeking cost effective living alternatives.

Investment highlights

  • 19 pad community with an additional single family residence and a diversified unit mix including 16 POHs and 3 TOHs
  • Located in the high-growth North Charleston submarket within the Charleston MSA
  • Strong in-place cash flow with value-add potential through rent optimization and expense management
  • Benefiting from proximity to major employers including Boeing and Mercedes-Benz Vans
  • Positioned near Park Circle and to capitalize on increasing demand for affordable housing in a supply constrained coastal market

Listing Contacts

CF
SC 139774
Marcus & Millichap - Charleston
PB
SC 137927
Marcus & Millichap - Charleston
RL
SC 118061
Marcus & Millichap - Charleston
WG
Marcus & Millichap - Charleston
Listed by Marcus & Millichap - Charleston

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$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$152,037.00
$12,669.75/mo

Valuation Metrics

0
DSCR
9.65%
Cap Rate
9.65%
ROI

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Additional Information

Name
Carson Ford
License
139774
Brokerage
Marcus Millichap
Title
Associate
Name
Price Brazzel
License
137927
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