Multifamily Property For Sale - Blue Granite Estates

Freedom Blvd & Gilbert Drive, Florence, SC, 29506

 
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Multifamily For Sale
Florence, SC
South Carolina

Blue Granite Estates

 

Freedom Blvd & Gilbert Drive

Florence, South Carolina 29506
County: Florence
 
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  For Sale Active  
Type:Multifamily
Mobile Home/RV Community
No. Spaces:156
Lot Size:43.50 Acres
Price:$1,690,000
Price/Space:$10,833
GRM:6.05
Cap Rate:10.16%
Year Built:1993
Date Last
Verified:		12/18/2008
Property ID:15812717
 
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 Additional Information 

Property Description:
Blue Granite Estates is located on approx 43.5 acres including easements. There are currently 63 homes in the community (25 of which are park owned ) with infrastructure in place for an approximate total of 156 mobile home sites on 29 acres of land. An additional 14.75 acres of land (adjacent to the park) are forested and considered open zone which permits any development to either expand the size of the park or for any other higher and best use including retail/commercial

Location Description:
Located at Freedom Blvd (Hwy 301) at Gilbert Drive.

Commission Split:3%
  Financial Summary Actual  
Year:2007
Scheduled Gross Income:$257,892
Net Operating Income:$158,462
Pre-Tax Cash Flow:$52,111
 
  Space Mix Information
No Space Mix Information Provided
 
  Debt & Equity Information
No Debt & Equity Information Provided
7/21/2008
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The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.
 
 

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