MHP - Broad St Batesburg-Leesville
Batesburg Leesville, SC
Asking price
$749,000
Sites
11
Cap rate
—
Price / site
$68,091
About this property
Description Best to text me vs. calling. I rarely am able to answer the phone timely and not interested in chasing call backs. (804-337-8206). Only selling due to plans to move to the beach and do not want to self manage from there nor pay someone else to do it. 11 home park, on 2 adjoining parcels, with room to expand. - 100% occuppied as of August 2026 - 2 Singlewides and 9 Doublewides - 1 home on 1st parcel with room to expand 1 or 2 homes - 10 homes on the 2nd parcel w/extra acreage for expansion. - City water and electric paid by tenant/homeowners - Individual septic systems maintained by park owner. - Park pays for trash (dumpster), electric light pole and landscaping. - Landscaping reduced from $800 to $500 per month starting August 2026 - Quality handyman lives in on site and does repairs at reasonable costs. - 2 homes have metal roof, 7 DW homes had shingle roof replaced 2022 & 2023, 1 SW got 20 year silicone coating and 1 SW is still original. - Numerous HVAC systems replaced. 9 park owned homes - 5 of 9 have been refreshed inside (1454, B, D, I & J) w/new tenants at $1300 DW & $850 SW (D) - 4 homes orig. tenants - $800 -$850 per month (3DW - C, G, & K and 1SW - H) - Upside - refresh these 4 homes & move to $1300 month DW and $950 SW 2 non park owned homes (Lot E and Lot F) - Mortgages of $762 and $782 collected monthly plus ground rent. - Both are financed for 6 years beginning April 1, 2026 and August 1, 2026 - Separate contract for ongoing ground lease at $200 month for each, with $25 yearly increases contracted over the next 4 years. - Owners restricted from moving home until mortage 100% satisfied. - Large repair costs now avoided as homeowner is responsible for all repairs. *** 2025 revenue impacted by a combination of targeted tenant turnover, home refreshes and extended vacancy while homes were either corrected or sold. *** 2026 thru August reflects revenue of $80,773 and expenses at $33,770 *** Expenses also include management fees paid to my LLC as we self manage *** Known deferred expenses: - Lot B HVAC needs replaced (Currently on window units) - Park wood rail fence needs repair or removal - Lots C, G, H and K are original tenants and other than new roofs for C,G & K no significant interior improvements have been made other than needed repairs as they occurred. As of 8/1/2026 the scheduled monthly income is $11,179 with upside still available via rent increases, especially in the 4 remaining homes with original tenants. These homes are NOT pad sites so do not try to price via pad methodology.
All details
| Asking price | $749,000 |
|---|---|
| Sites | 11 |
| Price per site | $68,091 |
| First seen | Sep 6, 2026 |
| Last verified | Sep 7, 2026 |
