- Area
- 19060 ft2
- Days For Sale
- 7
Location
- Area:Summerville, Ladson, Berkeley Cty
- City:Ladson
- County:Berkeley
- State:SC
- Subdivision: Sundial Park
- Zip code:29456
Amenities
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.
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