Property Description:
INVESTMENT HIGHLIGHTS
The McDaniel Team of Marcus & Millichap is pleased to present for sale Magnolia Homes, Mobile Home Park, located in Summerville, South Carolina. The Park is situated on 1.76+/- acres and consists of 20 Pads & 1 single-family rental home. All Manufactured Homes are park-owned; 3 double wide & 17 single wide. The Park is located in the heart of Downtown Summerville, off I-26 across the street from an Aldi Grocery Store. It is also in close proximity to all local demand generators including the brand new Nexton Square Mall development, restaurants, and Azalea Square, a 525K+ sq. Ft. outdoor shopping center. The Park has paved off-street parking, central HVAC, laundry in each unit, and City water & sewer. Tenants are responsible for electricity and Ownership pays for water. The Park has been well maintained and is fully occupied. New ownership has the opportunity to increase rents in one of the fastest-growing areas in the state.
INVESTMENT OVERVIEW
Located in Downtown Summerville
Well Maintained Park
High Barrier to Entry Market