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747 Seba St 4 Unit Mobile Home Park $123,967 CAD ($30,992 CAD/Unit) 6.74% Cap Rate Orangeburg, SC 29115
Investment Highlights
- Three existing rented mobile home lots with potential for at least two additional lots.
- Connected to city utilities including water, sewer, and gas.
- Located near downtown Orangeburg with access to retail and services.
- Current rents are below market, providing strong upside potential.
- Professionally managed with absentee ownership.
Executive Summary
The investment includes three lot rents for mobile homes. Current lot rents are below market at $250 per lot. Current MH lot rents on the market range from $300-350 per month allowing for great upside. The lots are professionally managed and owner is out of state and completely absentee. Only expenses include $604 annual taxes and $50 per unit per month management fee. Current annual NOI of $6,596 for an entry cap rate of 7.34%. Proforma NOI of $11,400 with rents at market rate of $300 /lot and adding one lot for rent on additional land. Owner selling for land value. An old home burned down on one site, so a mobile home could be replaced. Units are all on public water and sewer. This is a great site to buy and hold for investment and add units or redevelop into single family down the road. Owner will finance with 30-35% down.
Property Facts
| Price | $123,967 CAD | Property Subtype | Manufactured Housing/Mobile Home |
| Price Per Unit | $30,992 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 3.00 AC |
| Cap Rate | 6.74% | Building Size | 500 SF |
| No. Units | 4 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 2000 |
| Zoning | R - Residential | ||
| Price | $123,967 CAD |
| Price Per Unit | $30,992 CAD |
| Sale Type | Investment |
| Cap Rate | 6.74% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Manufactured Housing/Mobile Home |
| Building Class | C |
| Lot Size | 3.00 AC |
| Building Size | 500 SF |
| No. Stories | 1 |
| Year Built | 2000 |
| Zoning | R - Residential |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 4 | - | - |
Somewhat walkable
30/100
Very drivable
80/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 0174-20-12-001.000 | Improvements Assessment | $3,607 CAD |
| Land Assessment | $28,998 CAD | Total Assessment | $32,606 CAD |
Property Taxes
Parcel Number
0174-20-12-001.000
Land Assessment
$28,998 CAD
Improvements Assessment
$3,607 CAD
Total Assessment
$32,606 CAD
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747 Seba St
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