Bel-Aire MHP | Hopkins, SC

3976 Leesburg Road, Hopkins, SC, 29061, USA

Sands Investment Group is Pleased to Exclusively Offer For Sale the 19,300 SF Bel-Aire MHP Asset Located at 3976 Leesburg Road in Hopkins, SC. This Deal Includes a 28 Site Mobile Home Park Off Highway 15 and Current Tenants Paying Below Market Rents – Park Owned Home Rent in the Market and Gov’t Subsidized Rent Rate is More Than Double Current Rent Rates, Providing For a Secured Investment.

  • 28 Site Mobile Home Park Off Highway 15
  • 27 POH (Park Owned Homes) / 1 Vacant Lot Ready For Infill
  • 16 of the 27 Homes Occupied – The Balance of the Homes are Newly Renovated Waiting For Tenant Infill
  • Pro Forma Approximate – NOI on Park Owned Homes All Rented at Market Levels: $250k
  • Current Tenants Paying Below Market Rents – Park Owned Home Rent in the Market and Gov’t Subsidized Rent Rate is More Than Double Current Rent Rates
  • Management Company in Place
  • Private Septic / Well Water
  • Gravel Road, Cements Pads
  • Mix of 80s and Later Model Homes
  • Seller financing offer will be entertained for qualified buyers with a 2 year balloon payment max term

In Cooperation With Sands Investment Group Charleston, LLC – Lic. #20891 BoR: Chris Sands – Lic. SC #93103

Price

$1,200,000

Cap Rate

5.56%

PREMISES

19,300 SF

BROKERS

Steve Kruszenski
Fort Lauderdale
William Capone
Fort Lauderdale
Kristen Deninno
Fort Lauderdale

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