Oaklawn MHC
4428 Dorsey Dr, Sumter, SC 29154
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Investment summary
Total Lots66
Vacant Lots1
Tenant Owned Homes48
Occupied Park Owned Homes17
Average Lot Rent$424
Executive summary
Oaklawn is a 66-lot mobile home community located in Sumter, South Carolina. The current average lot rent is $424. The community is serviced by public water, which is billed back to tenants and septic.
Oaklawn is conveniently situated near Interstate 95, allowing for easy travel to nearby cities like Columbia and Florence which are both less than an hour away. This community is also located near Shaw Air Force Base, which is a huge contributor to the local economy. We are offering this community at $3,500,000, which we project to be a 19.3% Levered IRR and an 9.85% average cash on cash return over the 5 year hold period.
Bang Realty-South Carolina Inc | License No. 108250
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Investment highlights
Convenient location
Oaklawn MHC is conveniently located near Interstate 95, providing residents with easy access to the cities of Columbia (~37 miles) and Florence (~56 miles). The community is also situated near Shaw Air Force Base, a major contributor to the local economy as one of the largest military bases in the US.
Below market rents
There are neighboring communities in Sumter pushing $500 lot rents, giving investors the opportunity to increase rents to market. Also, park owned home rents in this market are hundreds of dollars higher current rents at Oaklawn.
Occupancy
Oaklawn MHC boasts a 98% occupancy, having only 1 vacant lot remaining. This allows investors to continue focus on improving the quality of the community and capitalizing on the mark to market opportunity on turnover.
Utilities
Oaklawn MHC is serviced by public water which is billed back to tenants, and septic.
Utility Billing Structure
- Water: Public (Billed Back)
- Sewer: Private (Included in Rent)
- Trash: Curbside (Included in Rent)
- Electric: Public (Direct Bill)
- Gas: Public (Direct Bill)
Exclusively listed by
Parker Kelly
VP, Manufactured Housing, Investment Sales
Tanner Westerheid
VP, Manufactured Housing, Investment Sales
Matt Skinner
VP, Manufactured Housing, Investment Sales
Nick Ferando
VP, Manufactured Housing, Investment Sales