Cedar Creek MHC
10001 Garners Ferry Rd, Eastover, SC 29044, USA
$4,300,000
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PROPERTY DESCRIPTION
Aline Capital’s MH/RV team is pleased to present Cedar Creek Manufactured Housing Community – a 76-pad MH/RV Community situated just 15 miles to the heart of Columbia, SC. The community spans roughly 14 acres. A great value-add opportunity, with room to increase rents to market and infill vacant pads. The infill opportunity creates a strong value add scenario allowing new ownership to increase cashflow day one through the rental income and fill vacant pads as new ownership desires. Columbia, SC MSA continues to experience robust economic growth and a steady influx of residents. As a result, the demand for affordable housing options, particularly in the form of mobile homes, is on the rise. This community offers new ownership a fantastic opportunity to recoup equity by selling the 34 park owned homes 2021 model or newer. Cedar Creek is also in the process of tapping into city water so new ownership will be off of the well water. Part of the parcel is in zone AE it does not overlap into any of the existing development
PROPERTY DETAILS
Size
14.19
Total Lots
MH Lots
RV Lots
State
South Carolina
City
Eastover
Average Lot Rent
250
Average POH
900
Average Rent
Sewer
Water
Creation Date
February 2, 2024
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Seller Details
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Company
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Seller Type
Seller
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