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Listed by EXP Realty LLC
$ 725,000
Est. payment /mo
New
5464 Dutton Ave North Charleston, SC 29406
8 Beds
0.65 Acres Lot
UPDATED:
Key Details
Property Type Single Family Home
Sub Type House
Listing Status Active
Purchase Type For Sale
MLS Listing ID 25031364
Bedrooms 8
HOA Y/N No
Lot Size 0.650 Acres
Acres 0.65
Property Sub-Type House
Property Description
Fully occupied and stabilized 9 unit mobile home park with 6 park owned units and 3 tenant owned units. Significant opportunity to push ground rents to increase NOI. Currently offered at a 10.44% cap rate. Current owner completed significant renovations to park owned units in '23 and '24. Proforma cap rate between 11-12% with only modest increases to monthly ground rent. This investment opportunity offers great returns with relatively hands off management.
Location
State SC
County Charleston
Area 32 - N.Charleston, Summerville, Ladson, Outside I-526
Building
Dwelling Type House
Story 1
New Construction No
Schools
Elementary Schools Matilda Dunston
Middle Schools Morningside
High Schools North Charleston