Country Village MHP | 1601 State Rd
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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.
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.
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- Offering Memorandum
Property Facts
Price | £1,095,430 | Apartment Style | Single Family Home |
Price Per Unit | £1,095,430 | Lot Size | 16.00 AC |
Sale Type | Investment | Building Size | 696,960 SF |
Net Initial Yield | 9% | Number of Floors | 1 |
No. Units | 1 | Year Built/Renovated | 1990/2000 |
Property Type | Residential | Opportunity Zone |
Yes
|
Property Subtype | Manufactured Housing/Mobile Home |
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 |
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zoning
Zoning Code | Residential (Residential) |
Residential (Residential) |
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Country Village MHP | 1601 State Rd
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