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Residential Income - North Charleston, SC
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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