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Strong NOI Lexington MHP - Price Drop 120 Sandy Springs Ln 38 Unit Caravan Park £2,983,163 (£78,504/Unit) 7.15% Net Initial Yield Lexington, SC 29073

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INVESTMENT HIGHLIGHTS

  • Lexington is now considered the fasting growing area in the Columbia MSA and serves as a suburb of the SC state capital, Columbia.
  • Columbia, SC MSA / Lexington County / 38 Mobile Home Units In a Two-Park Adjacent Portfolio.
  • Click the Data Room below to access full financials, rent roll, and performance data.
  • Less than 2 miles from a Walmart Super Center and Lowe's Home Improvement Center. Walgreen's, Dollar General, Starbucks, Publix, Food Lion, Etc.
  • Estimated $285,312 NOI, equating to $23,776+ per month after a rent push. 7.00+/-% Cap Rate. NOI has been as high as $27,000 per month.

EXECUTIVE SUMMARY

This stabilized two-park, 38-unit mobile home community in Lexington County, SC offers immediate income growth and strong long-term upside. The property has demonstrated consistent operational strength and improving financial performance, supported by recent upgrades and a growing rental market. Investors are encouraged to review the detailed financials, rent roll, and performance metrics available in the Data Room for a full understanding of the property’s income trajectory and return potential.
Located in the Columbia, SC MSA, one of the fastest-growing areas in the state, this property benefits from strong demand drivers and exceptional proximity to major retailers, schools, and employment centers less than two miles away - including Walmart, Lowe’s, Publix, Starbucks, and multiple schools. The MSA’s population of 837,092, anchored by the University of South Carolina and Fort Jackson, supports stable occupancy and long-term performance. With favorable market fundamentals and remaining operational and rent-growth upside, this offering presents a compelling investment opportunity with meaningful future potential.
We will present all offers. Texas Oil Country MHP is also available, bundled or separate. Do not disturb tenants or management.

DATA ROOM Click Here to Access

PROPERTY FACTS

Price £2,983,163
Price Per Unit £78,504
Sale Type Investment
Yield 7.15%
No. Units 38
Property Type Build-to-Rent
Property Subtype
Manufactured Housing/Mobile Home
  • Build-to-Rent Apartments
Apartment Style Low-Rise
Costar Property Class C
Total Plot Size 9.65 ac
Property Size 420,354 sq ft
Average Occupancy 100%
No. Floors 1
Year Built 1978
Parking Allocation 0.18/1,000 sq ft
Use Class R - Residential Mobile Home Community

AMENITIES

UNIT AMENITIES

  • Air Conditioning

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
006698-01-074
Land Assessment
£8,175
Improvements Assessment
£14,063
Total Assessment
£22,238
  • Listing ID: 26203655

  • Date on Market: 19/07/2022

  • Last Updated:

  • Address: 120 Sandy Springs Ln, Lexington, SC 29073

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