120 Sandy Springs Ln
Lexington, SC 29073
Hidden Oaks & Southern Pines Mobile Home Park · Land For Sale · 9.65 AC

MORE NEW DATA CALL OR EMAIL (843) 532-1641 OR GIL @KINGSHIPCOLLECTIVE.COM. Estimated $276,00 NOI equating to $23,000+ per month after a rent push. **THIS HAS CHANGED, AND NOW A PUSH TO $1,000 PER MONTH PER UNIT STARTED WITH NEW LEASES. EXPONENTIALLY GOING ABOVE $32K PER MONTH GROSS WITH SOME CAPEX PRIOR TO NEW TENANTS OR RENT BUMPS TO $1,000 PER MONTH BEING IMPLEMENTED.** MORE DETAILED DOCUMENTATION CAN BE PROVIDED WITH PROOF OF FUNDS TO PROCEED. MEAT ON THE BONE BEFORE TOTAL PIVOT AND PRICE INCREASE. SELLER FINANCING MAY BE CONSIDERED W/ HALF DOWN, POFs, AND ACCELERATION CLAUSE W/ PERSONAL GUARANTEE TO PAY FULL BALANCE W/O FORECLOSURE IF DEFAULT. 7%+++ Cap Rate. NOI has been as high as $27,000 per month, but taking into consideration some Capex, we estimate it to be low. Rent Comps in the area will allow going much higher. Stabilized June 2023 with most Capex completed yielding higher NOI. The caveat is any asset can have fluctuations, but this is a snapshot. Columbia, SC MSA / Lexington County / 38 Mobile Home Units In a Two-Park Adjacent Portfolio. Less than 2 miles from a Walmart Super Center and Lowe's Home Improvement Center. Walgreens, Dollar General, Starbucks, Publix, Food Lion, High School, and Middle School are also within several miles. Lexington is a rapid expansion zone for the Columbia MSA for rooftops, commercial, and industry. Correspondingly, this combination of assets will maintain occupancy and vibrancy in the long term based on the pattern analysis of past performance and future projections. Video Tour https://drive.google.com/drive/u/4/folders/158Tjux5g5s6sIrzzl3-UIf4W2wYJ6x_W SUBSTANTIAL REDUCTION IN PRICE FROM OVER $4M. I WILL PRESENT ANY AND ALL OFFERS. CREOP Flipbook https://www.flipsnack.com/A5A986CC5A8/hidden-oaks-southern-pines-mhp-6-23/full-view.html Correspondingly, this combination of assets will maintain occupancy and vibrancy in the long term based on the pattern analysis of past performance and future projections. According to the U.S. Census Bureau, the Columbia, SC, Metropolitan Statistical Area has a population of 837,092, considered the second largest in South Carolina. Lexington is now considered the fasting growing area in the Columbia MSA and serves as a suburb of the SC state capital, Columbia. Two significant populations drawn to Columbia include the University of South Carolina, which has a student population of 34,000, and Fort Jackson military base, home to 3,500 active-duty soldiers and their 12,000 family members. Very Relevant & Informative CREOP Flipbook https://www.flipsnack.com/A5A986CC5A8/hidden-oaks-southern-pines-mhp-6-23/full-view.html VIDEO TOUR - https://drive.google.com/drive/u/4/folders/158Tjux5g5s6sIrzzl3-UIf4W2wYJ6x_W I WILL PRESENT ANY AND ALL OFFERS.