D & R Mobile Home Park
$830,000
5234 Platt Springs Road Lexington, SC 29073
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About this listing
Rental Income: $7,875/month
Gross Operating Income: $94,500
Taxes:
Duplex: $3,624
MHP: $4,477
Insurance: $8,500
Coldwell Banker Commercial Realty is pleased to present D & R Mobile Home Park in Lexington, South Carolina. The property is located on Platt Springs Road with over 200' of frontage. Less than a mile from the intersection of S. Lake Drive and Platt Springs Road, which includes a 60 AC mixed-use development called, Platt Springs Crossing. This property is two separate parcels that are to be sold together with 1-Duplex and 9-Mobile Homes that are all park-owned. Owner has replaced 4 roofs and completely renovated 2 other units in the last 3 years.
Surrounded with retail and residential growth; this investment sits in one of Lexington's fastest growing areas. South Lake Drive and Platt Springs Road are both home to many national retailers along with a multitude of locally owned businesses. Easy access to Interstate system and Downtown Columbia.
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Cap Rate
7.95%
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Lot Area
2.2 acres
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Zoning
ID - Intensive Development
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Year Last Renovated
2022
DESCRIPTION
- • Annual Tax: $ 8101.0
- • Average Occupancy Rate: 100.0
- • Lot Size: 1-2 Acres
- • Sewer: Septic
- • Water: Well
