With an estimated NOI of $275K–$285,312+, this property has generated over $23,776 monthly after a rent push. A rent increase to $1,000 per month per unit has recently been completed with new leases, boosting gross income to over $35,000 monthly. This increase and some CapEx before new tenants move in position the property for higher returns. Key Details • NOI: Previously reached $27,000 per month. Current estimates are conservative due to rental turnover, upfits, and phased-in rent increases. • Cap Rate: 7.00%+/- • Rental Comps: Supported by CoStar Analytics, indicating potential for higher rents. • Stabilization: Achieved in June 2023 with most CapEx completed, leading to a higher NOI. • January 2025 Rent Roll and unit list available in the Due Diligence Locker (sign CA). Location Highlights • Columbia, SC MSA / Lexington County • 38 mobile home units in a two-park adjacent portfolio • Less than 2 miles from Walmart, Lowe’s, Walgreens, Dollar General, Starbucks, Publix, Food Lion, high school, and middle school Market Insights Lexington is the fastest-growing area in the Columbia MSA, experiencing growth in residential, commercial, and industrial sectors. According to the U.S. Census Bureau, the Columbia MSA has a population of 837,092, making it the second largest in South Carolina. Lexington’s strategic location positions it for strong occupancy, bolstered by regional anchors including the University of South Carolina (34,000 students) and Fort Jackson (3,500 active-duty soldiers plus 12,000 family members). This property is positioned to maintain occupancy and vibrancy long-term. Pattern analysis of past performance and future projections support higher NOI with full implementation of rental increases and CapEx completion. It represents a valuable investment opportunity with significant growth potential. WE WILL PRESENT ANY AND ALL OFFERS. Contact to discuss his Texas Oil Country MHP as well (bundled or separate). DO NOT DISTURB TENANTS OR MANAGEMENT