Ladson, SC 29456
- $97.06Price per SqFt
- 19,060SqFt
- 167Days on Market
- N/AZoning
- 1988Year Built
- Multi FamilyUse
- MLS# 31005663
- Commercial Sales
- Multi Family
- Active
- Approx Time on Market5 months, 17 days
- AreaSummerville, Ladson, Berkeley Cty
- CountyBerkeley
- Subdivision N/A
Overview
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 95% 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.
Building Info
Anchored: No
Year Built: 1988
Financial
Garage / Parking
Parking Type: Other, Surface
Lot Info
County: Berkeley
Land Size: 2.00
Misc
Title: Sundial Park
Offer Compensation
Property Info
Second Property Subtype: Multi Family
Zoning: Berkeley - R3 - Mobile Home P
Nearest Msa: Charleston-North Charleston, SC
Property Type: A
Original Price: $2,000,000
Property Use Type: Mobile Home Park
Class Type: Multi Family
Sold Info
Sqft Info
Rentable Area: 19060
Unit Info
Utilities / Hvac
Directions
From Charleston 26W to exit 203 to L on Treeland Drive. Right on Frankie Lane to Right into Sundial Park.Courtesy of listing office EXP Realty LLC
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