864-414-8347
223 Nautical Rd, Lexington, SC for Sale
Manufactured Housing/Mobile Housing - FOR SALE
1/4

223 Nautical Rd
Lexington, SC 29072
Lake Murray


HIGHLIGHTS

  • Below market rental rates representing an opportunity to immediately increase revenues through rental increases.
  • 99% occupancy rate with minimal historic turnover provides ownership with steady and predictable cash flows.
  • With paved roads, tenant-owned homes and well-maintained apartments, this property offers straightforward management and minimal deferred maintenance.
  • Exclusive lake access offers tenants a unique amenity, making this property a standout choice compared to other local rental options.
  • The prime lakeside location, coupled with the close proximity to downtown Lexington provides for significant redevelopment potential.

OVERVIEW

MH Pro Group is pleased to exclusively offer the sale of Lake Lodge Mobile Home Park & Apartments. This unique property features a 47-pad mobile home park with tenant-owned homes paying on average $375 per month, alongside 50 apartment units renting for an average of $683 per month. Three stick-built houses, two offering serene lakefront views, and ±240 feet of water frontage on Lake Murray, complete the portfolio. All units are serviced by private well water and public sewer. Amenities available to all tenants include a private boat ramp and a lakefront recreation area with three piers. There is also a tennis court that is no longer in use that could be rehabilitated or repurposed. There is excess storage and maintenance areas onsite that could be rented out as supplemental income. With rental rates approximately $150 below market, investors have a significant opportunity to enhance and reposition the asset for greater returns. Situated in the Columbia, South Carolina area near Lake Murray, this location allows residents to enjoy the best of lakeside living without sacrificing access to major employers, shopping and recreational outlets. Demand for quality housing remains strong, and the combination of immediate cash flow, prime waterfront surroundings and ample rent-growth potential makes Lake Lodge MHP & Apartments an exceptional investment opportunity. *See Offering Memorandum included for more information.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

100

CAP RATE

Request Cap Rate

% LEASED

99%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Lake Lodge Mobile Home Park & Apartments

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Manufactured Housing/Mobile Housing

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1969

PARKING SPACES

-

LAND DETAILS

LAND ACRES

12.07 AC

LAND SF

525,769 SF

ZONING

-

APN/PARCEL ID

003418-02-005,003418-02-007,003418-04-002,003418-04-003,003418-05-002

ASK ABOUT THIS PROPERTY

Henry WalkerMH Pro Group LLCMore Info
864-414-8347

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Henry WalkerMH Pro Group LLCMore Info
864-414-8347

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