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Tall Pines Court Mobile Home Park 
126 Opal Dr.
New Ellenton, South Carolina 29809
County: Aiken
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| Type: | Multifamily
Mobile Home/RV Community |
| No. Spaces: | 11 |
| Lot Size: | 1.30 Acres |
| Occupancy: | 100.00% |
| Price: | $239,000 |
| Price/Space: | $21,727 |
| Cap Rate: | 11.70% |
Date Last
Verified: | 12/22/2008 |
| Property ID: | 15779294 |
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Property Description:
Updated Mobile Home Park in New Ellenton, South Carolina. Property is a total of 1.3 acres with 11 sites for homes. There are currently 6 mobile homes on the property with room for 5 more. There is also room at the rear of the property for an RV trailer and hook-ups for water and electric. Dependable tenants with longevity are in place. Currently the property owner has employed a manager to handle maintenance and the collection of rents. 100% occupancy rate. With room for additional homes and additional rental income, this property has high potential for a new owner.
Annual Gross Rents: $35,880
Annual Gross Expenses:
Taxes - $1,200
Insurance - $1,970
Water - $1,860
Sanitation - $900
Manager - $600
Maintenance - $1,200
Total Expenses=$7,730
NOI =$28,150
Location Description:
Beautiful 1.3 acre lot in New Ellenton, SC.
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