Lake Lodge Mobile Home Park & Apartments 223 Nautical Rd 100 Unit Mobile Home Park For Sale Lexington, SC 29072
INVESTMENT HIGHLIGHTS
- Below market rental rates representing an opportunity to immediately increase revenues through rental increases.
- With paved roads, tenant-owned homes and well-maintained apartments, this property offers straightforward management and minimal deferred maintenance.
- The prime lakeside location, coupled with the close proximity to downtown Lexington provides for significant redevelopment potential.
- 99% occupancy rate with minimal historic turnover provides ownership with steady and predictable cash flows.
- Exclusive lake access offers tenants a unique amenity, making this property a standout choice compared to other local rental options.
EXECUTIVE SUMMARY
MH Pro Group is pleased to exclusively offer the sale of Lake Lodge Mobile Home Park & Apartments. This unique property features a 47-pad mobile home park with tenant-owned homes paying on average $375 per month, alongside 50 apartment units renting for an average of $683 per month. Three stick-built houses, two offering serene lakefront views, and ±240 feet of water frontage on Lake Murray, complete the portfolio. All units are serviced by private well water and public sewer. Amenities available to all tenants include a private boat ramp and a lakefront recreation area with three piers. There is also a tennis court that is no longer in use that could be rehabilitated or repurposed. There is excess storage and maintenance areas onsite that could be rented out as supplemental income. With rental rates approximately $150 below market, investors have a significant opportunity to enhance and reposition the asset for greater returns.
Situated in the Columbia, South Carolina area near Lake Murray, this location allows residents to enjoy the best of lakeside living without sacrificing access to major employers, shopping and recreational outlets. Demand for quality housing remains strong, and the combination of immediate cash flow, prime waterfront surroundings and ample rent-growth potential makes Lake Lodge MHP & Apartments an exceptional investment opportunity.
*See Offering Memorandum included for more information.
Situated in the Columbia, South Carolina area near Lake Murray, this location allows residents to enjoy the best of lakeside living without sacrificing access to major employers, shopping and recreational outlets. Demand for quality housing remains strong, and the combination of immediate cash flow, prime waterfront surroundings and ample rent-growth potential makes Lake Lodge MHP & Apartments an exceptional investment opportunity.
*See Offering Memorandum included for more information.
DATA ROOM Click Here to Access
PROPERTY FACTS
AMENITIES
SITE AMENITIES
- Tennis Court
- Waterfront
- Dock
- Lake Access
- Maintenance on site
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $82,278 | |
| Land Assessment | $66,580 | Total Assessment | $148,858 |
CONTACTS
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Henry Walker -
Taylor Kirk -
William Walker -
MH Pro Group LLC
