5 Park Portfolio - Charleston, SC MSA — Sale in Summerville, SC

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Summerville, SC 29485

Photos

5 Park Portfolio - Charleston, SC MSA — Sale in Summerville, SC, photo 1 of 5
5 Park Portfolio - Charleston, SC MSA — Sale in Summerville, SC, photo 2 of 5
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Investment Figures

Cap rate
5.21%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is pleased to present this cash-flowing, 100% occupied, 5-park, 70-unit manufactured housing community portfolio located in Summerville, SC (Charleston, SC MSA. Summerville is the largest town in the Charleston MSA and the principal population center of Dorchester County, located along the I-26 corridor, roughly 25 miles from downtown Charleston. The local economy is anchored by Boeing South Carolina, Volvo Cars, Joint Base Charleston, and the Port of Charleston, providing a stable employment base. Dorchester County population growth of approximately 32.8% since 2010 and sustained in-migration have driven demand for affordable housing. The portfolio is 70 total units, consisting of 28 tenant owned homes (TOH, 41 rent to own mobile homes (RTO, and 1 rented single-family home (SFH. There are 69 manufactured housing lots and 1 single family home site across 10.68 acres. The average lot rental rate per month is $826 and the average RTO payment above lot rent is $572. Current occupancy is 100% (70 of 70 units occupied, with no park owned rentals, no vacant lots, and no vacant homes in the portfolio. The 41 RTO contracts carry a remaining balance of $645,720 and expire between 2027 and 2030, with the majority maturing in December 2028. 16 of the RTO contracts are on 2023 Clayton homes. Four of the five parks are serviced by public water that’s paid for by the tenants, and Palzita Lane MHP is serviced by a private well that’s paid for by the landlord. All five parks are serviced by public sewer that’s paid for by the tenants. All parks are serviced by curbside bins that are paid for by the tenants. Electricity is billed directly to tenants. Landlord mows all parks. All five parks have paved roads and the roads at Palzita MHP and Thomas MHP are brand new, completed in August 2026. Cone Lane MHP is in a flood zone. The other four parks are NOT in flood zones. Magnolia Circle MHP is in an opportunity zone, and Bell Drive Circle MHP is immediately adjacent t

Market Context

This multifamily in Summerville, SC is listed for sale. It is offered at an approximate 5.2% capitalization rate, a key benchmark for income-producing multifamily assets. Compare it against other multifamily listings for sale in Summerville, SC — view the full market.

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