5464 Dutton Avenue, North Charleston, SC 29406

$685,000
8
BD
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Sold Price
$685,000
List Price
$725,000
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Property Description

Fully occupied and stabilized 9 unit mobile home park with 6 park owned units and 3 tenant owned units. Significant opportunity to push ground rents to increase NOI. Currently offered at a 10.44% cap rate. Current owner completed significant renovations to park owned units in '23 and '24. Proforma cap rate between 11-12% with only modest increases to monthly ground rent. This investment opportunity offers great returns with relatively hands off management.

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Listing courtesy of Listing Agent: Jason Smith from Listing Office: EXP Realty LLC.

Selling Office: Keller Williams Realty Charleston.