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Dobson MHP 5544 Dobson St 20 Unit Mobile Home Park $2,325,056 CAD ($116,253 CAD/Unit) 8.94% Cap Rate North Charleston, SC 29406
Investment Highlights
- 19 pad community with an additional single family residence and a diversified unit mix including 16 POHs and 3 TOHs
- Strong in-place cash flow with value-add potential through rent optimization and expense management
- Positioned near Park Circle and to capitalize on increasing demand for affordable housing in a supply constrained coastal market
- Located in the high-growth North Charleston submarket within the Charleston MSA
- Benefiting from proximity to major employers including Boeing and Mercedes-Benz Vans
Executive Summary
Marcus & Millichap is pleased to present Dobson MHP, a 19 pad manufactured housing community with an additional single family residence located in North Charleston, one of the most dynamic and rapidly growing submarkets within the greater Charleston MSA. Situated on approximately 1.9 acres, the property features a well balanced mix of 16 park owned homes (POHs), 3 tenant owned homes (TOHs), and a single family residence, providing multiple income streams and operational flexibility for investors. The asset presents a compelling opportunity to acquire a stabilized community with in place cash flow while offering upside through operational efficiencies and potential rent growth.
The North Charleston market continues to benefit from strong population growth, a diverse employment base, and ongoing economic investment throughout the region. Anchored by major employers such as Boeing, Mercedes-Benz Vans, and the Charleston International Airport, the area has experienced sustained demand for affordable housing options, positioning manufactured housing communities as an increasingly attractive asset class. Additionally, the property’s proximity to Park Circle, a rapidly revitalizing district known for its dining, retail, and community amenities, further enhances its appeal to residents. Continued infrastructure expansion and access to the Port of Charleston have supported job creation and long term economic stability. As housing affordability constraints persist across the broader Charleston region, communities like Dobson MHP are well positioned to capture renter demand seeking cost effective living alternatives.
The North Charleston market continues to benefit from strong population growth, a diverse employment base, and ongoing economic investment throughout the region. Anchored by major employers such as Boeing, Mercedes-Benz Vans, and the Charleston International Airport, the area has experienced sustained demand for affordable housing options, positioning manufactured housing communities as an increasingly attractive asset class. Additionally, the property’s proximity to Park Circle, a rapidly revitalizing district known for its dining, retail, and community amenities, further enhances its appeal to residents. Continued infrastructure expansion and access to the Port of Charleston have supported job creation and long term economic stability. As housing affordability constraints persist across the broader Charleston region, communities like Dobson MHP are well positioned to capture renter demand seeking cost effective living alternatives.
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- Offering Memorandum
Property Facts
| Price | $2,325,056 CAD | Building Class | C |
| Price Per Unit | $116,253 CAD | Lot Size | 1.90 AC |
| Sale Type | Investment | Building Size | 82,764 SF |
| Cap Rate | 8.94% | Average Occupancy | 100% |
| No. Units | 20 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1950 |
| Property Subtype | Manufactured Housing/Mobile Home |
| Price | $2,325,056 CAD |
| Price Per Unit | $116,253 CAD |
| Sale Type | Investment |
| Cap Rate | 8.94% |
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Manufactured Housing/Mobile Home |
| Building Class | C |
| Lot Size | 1.90 AC |
| Building Size | 82,764 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1950 |
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Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
50/100
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Dobson MHP | 5544 Dobson St
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