Sundial Park is a 20 unit Mobile Home Park in Ladson with a tremendous value add opportunity. The current owners have recently renovated several of the units, increased rents and established a solid blueprint to complete renovations throughout the park. The park currently sits at 95 occupied with a unit mix of 14 2BR units and 6 3BR units. Strong property management in place. With an NOI of $125,261, this project is offered at a 6.2 cap rate. It is estimated that the remaining units could be renovated with an additional cap ex of $150,000 which would bring the cap rate closer to 9 at stabilization.
| $2,000,000 -> $1,900,000 on 02/28/2525 |
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