For Sale
$60,000

697 Seawright St Orangeburg, SC 29115

4-Unit Mobile Home Park, 6.84% Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
137
This exceptional 4-unit mobile home park in Orangeburg, South Carolina, presents a compelling investment opportunity with a 6.84% capitalization rate and a net operating income (NOI) of $4,103. Located at 697 Seawright St, Orangeburg, SC 29115, the property boasts four buildings, each a tenant-owned mobile home. The park benefits from a thriving local economy driven by healthcare, manufacturing, and agriculture, ensuring a stable tenant base. All units are serviced by city utilities, minimizing management responsibilities and operational concerns. A key advantage is the below-market lot rent, attracting tenants and offering significant potential for future revenue growth through rent increases. This low-maintenance investment provides a strong return with minimal management overhead, making it an ideal addition to any portfolio. The property's location in Orangeburg County offers easy access to essential services and amenities. This is a rare opportunity to acquire a well-positioned, cash-flowing mobile home park in a growing South Carolina market.

Highlights

  • Strong local economy in Orangeburg, SC, driven by healthcare, manufacturing, and agriculture.
  • City utilities provided to all four tenant-owned mobile homes, minimizing operational concerns.
  • Low-maintenance investment with minimal management responsibilities due to tenant-owned homes and city utilities.
  • Below-market lot rents offer high tenant appeal and significant upside potential for future revenue growth.

Property Details for 697 Seawright St

Property type
Mobile home & RV parks
Buildings
4
Units
4

Location Insight

City
Orangeburg
County
Orangeburg
State
South Carolina
Latitude
33.5138967
Longitude
-80.8434459

FAQs

What type of property is this?
Mobile home & RV park - 4-Unit Mobile Home Park, 6.84% Cap Rate
Where is the mobile home & rv park located?
The property is located at 697 Seawright St Orangeburg, SC.
What is the asking price?
The asking price for this property is $60,000.
What are key features of this property?
This property features: Strong local economy in Orangeburg, SC, driven by healthcare, manufacturing, and agriculture.; City utilities provided to all four tenant-owned mobile homes, minimizing operational concerns.; Low-maintenance investment with minimal management responsibilities due to tenant-owned homes and city utilities.
How can I contact the broker?
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697 Seawright St
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