Description
Hot MH park in desirable Gilbert, SC. Most units month to month terms with much needed rent increases. Owner is retiring. Stable and growing area with a waiting list for tenants. 11 units consisting of 10 double wides and 1 single wide. Tons of unused land in this parcel for future development. Zoned for great schools that are very close by. 20 minutes from all Lexington amenities and Lake Murray. Major employers even closer. Huge upside to increase rents to market rates after cosmetic repairs are completed. Owner is tired and tenants have been in place for 10+ years in some cases. NOI is $67,884 with abundant room to increase rent with very little improvement.
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0BEDS
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5.95ACRES
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10BATHS
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01/2 BATHS
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14,300SQFT
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$47$/SQFT
School Information
Description
Hot MH park in desirable Gilbert, SC. Most units month to month terms with much needed rent increases. Owner is retiring. Stable and growing area with a waiting list for tenants. 11 units consisting of 10 double wides and 1 single wide. Tons of unused land in this parcel for future development. Zoned for great schools that are very close by. 20 minutes from all Lexington amenities and Lake Murray. Major employers even closer. Huge upside to increase rents to market rates after cosmetic repairs are completed. Owner is tired and tenants have been in place for 10+ years in some cases. NOI is $67,884 with abundant room to increase rent with very little improvement.
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