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Listed by EXP Realty LLC
$ 1,850,000
Est. payment | /mo
19,060 SqFt
$ 1,850,000
Est. payment | /mo
19,060 SqFt
Key Details
Property Type Single Family Home
Sub Type House
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 19,060 sqft
Price per Sqft $97
Subdivision Sundial Park
MLS Listing ID 25009546
Year Built 1988
Lot Size 2.000 Acres
Acres 2.0
Property Sub-Type House
Property Description
Sundial Park is a 20 unit Mobile Home Park in Ladson with a tremendous value add opportunity. The current owners have recently renovated several of the units, increased rents and established a solid blueprint to complete renovations throughout the park. The park currently sits at 100% occupied with a unit mix of 14 2BR units and 6 3BR units. Strong property management in place. With an NOI of $125,261, this project is offered at a 6.2% cap rate. It is estimated that the remaining units could be renovated with an additional cap ex of $150,000 which would bring the cap rate closer to 9% at stabilization.
Location
State SC
County Berkeley
Area 74 - Summerville, Ladson, Berkeley Cty
Building
Dwelling Type House
Story 1
Sewer Public Sewer
Water Public
New Construction No
Schools
Elementary Schools Sangaree
Middle Schools Sangaree Intermediate
High Schools Cane Bay High School
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