5622 Steen RdJefferson, SC 29718

Property Details for 5622 Steen Rd

Lot size

10.00 AC

Property type

Residential income properties

Property subtype

Multifamily properties

Description

This exceptional investment opportunity presents a 28-pad mobile home park spanning 10 acres across four towns in Chesterfield County, South Carolina: Jefferson, Mt. Croghan, Pageland, and McBee. The property boasts a strong net operating income (NOI) of $148,234, resulting in an attractive 10.97% capitalization rate. Priced at $1,350,000, this translates to an appealing price per pad of $48,214.29. The park offers a mix of well and city water, septic and sewer systems, with tenants responsible for their own electricity, minimizing operational expenses. Its strategic location provides easy access to major employment hubs like Charlotte, NC, and Columbia, SC, benefiting from the ongoing migration from larger cities and the region's diversified economy encompassing manufacturing, agriculture, and retail. The 10-acre footprint presents significant potential for future growth and development, making this a compelling investment for those seeking stable cash flow and long-term appreciation in a thriving South Carolina market. The property is situated near the town of Pageland, approximately 45 minutes from Monroe, NC, and an hour from Charlotte, NC. The smaller towns of Jefferson, Mt. Croghan, and McBee offer similar rural charm and access to local amenities. This portfolio offers a unique blend of immediate income generation and substantial future development potential. The zip code is 29718.

Location Insight

City

Jefferson

County

Chesterfield

State

South Carolina

Latitude

34.6549

Longitude

-80.33

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