306 Sundial

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 100% 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.

Essential Information

  • MLS® #25009546
  • Price$1,900,000
  • Square Footage19,060
  • Acres2.00
  • Year Built1988
  • TypeResidential Income
  • StatusActive Contingent

Community Information

Amenities

Interior

  • Stories1

Exterior

School Information

  • ElementarySangaree
  • HighCane Bay High School

Additional Information

Listing Details

  • OfficeEXP Realty LLC

LISTED BY EXP Realty LLC, (888) 440-2798