Established mobile home park on 4.99 acres strategically located on the corner of East Boundary Road and Faraway Drive. Convenient to downtown, I-77, I-20, schools, Ft. Jackson, and Blue Cross Corporate headquarters. Gross rents of $8600 per month. Room for rents to be increased. Current CAP rate is 12%. Can easily increase this by billing tenants for water and repairing several units. Looking for quick sale at this price. No owner financing. 19 homes currently rented, 4 homes can be rehabbed, 1 home is burned out and would need to be rebuilt. There are 3 empty lots for additional homes. There is also a large storage shed on the property. 16 homes are on county sewer and 8 homes are on septic. Sold 'as is' at this price. Great opportunity. Good cash flow. No seller financing. Do not disturb tenants. Tenants are on a month to month lease.
Listing courtesy of Cornerstone Rlty & Invest Llc.