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Country Village MHP 1601 State Rd

1 Unit Mobile Home Park £1,095,430 (£1,095,430/Unit) 9% Net Initial Yield Cheraw, SC 29520

Investment Highlights

  • Value-add opportunity: Pushing rents by 30% will significantly increase year one returns.
  • Low operational costs due to well water, septic systems, and tenant-paid electricity.
  • Stable tenant base supported by Cheraw’s strong local economy and nearby employment opportunities
  • Well positioned behind the Walmart, Highland Corporate headquarters, and near Chesterfield General Hospital.
  • Strategic location with access to major cities like Charlotte and Columbia.
  • 16-acre property provides potential for future expansion or development.

Executive Summary

Marcus & Millichap is pleased to present Country Village Mobile Home Park located in Cheraw, South Carolina. This 38-pad mobile home park, situated on 16 acres, offers an exceptional investment opportunity. The park operates on well water and septic systems, with tenants responsible for direct pay for their electricity, keeping operational costs low and cash flow consistent.
Cheraw, a charming town in Chesterfield County, is ideally situated near larger metropolitan areas such as Charlotte, NC, and Columbia, SC, making it an attractive location. The town has a stable economy driven by healthcare, manufacturing, and retail, ensuring a reliable tenant base. With minimal overhead, tenant-managed utilities, and steady demand for affordable housing, this park offers a compelling opportunity for investors seeking stable returns in a growing market.

Data Room Click Here to Access

Property Facts

Price £1,095,430
Price Per Unit £1,095,430
Sale Type Investment
Net Initial Yield 9%
No. Units 1
Property Type Residential
Property Subtype Manufactured Housing/Mobile Home
Apartment Style Single Family Home
Lot Size 16.00 AC
Building Size 696,960 SF
Number of Floors 1
Year Built/Renovated 1990/2000
Opportunity Zone Yes

zoning

Zoning Code Residential (Residential)
Residential (Residential)
  • Listing ID: 33408808

  • Date on Market: 04/10/2024

  • Last Updated:

  • Address: 1601 State Rd, Cheraw, SC 29520

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