120 Sandy Springs Ln - Manufactured Housing/Mobile Housing FOR SALE


Lexington, SC 29073
$3,990,000 USD
864-387-4660
120 Sandy Springs Ln, Lexington, SC for Sale
$3,990,000 USD
Manufactured Housing/Mobile Housing - FOR SALE
1/6
null | 7.15% Cap Rate

120 Sandy Springs Ln
Lexington, SC 29073


HIGHLIGHTS

  • Lexington is now considered the fasting growing area in the Columbia MSA and serves as a suburb of the SC state capital, Columbia.
  • Less than 2 miles from a Walmart Super Center and Lowe's Home Improvement Center. Walgreen's, Dollar General, Starbucks, Publix, Food Lion, Etc.
  • Columbia, SC MSA / Lexington County / 38 Mobile Home Units In a Two-Park Adjacent Portfolio.
  • 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.
  • Click the Data Room below to access full financials, rent roll, and performance data.

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$3,990,000 USD

PRICE/SF

$9 USD /SF

# OF UNITS

38

PRICE/UNIT

$105,000

CAP RATE

7.15%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Strong NOI Lexington MHP - Price Drop

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Manufactured Housing/Mobile Housing

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1978

PARKING SPACES

76

LAND DETAILS

LAND ACRES

9.65 AC

LAND SF

420,354 SF

ZONING

R

APN/PARCEL ID

006698-01-074

ASK ABOUT THIS PROPERTY

Bill RhodesBHHS C. Dan Joyner, REALTORSMore Info
864-387-4660

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Bill RhodesBHHS C. Dan Joyner, REALTORSMore Info
864-387-4660

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.