70-Unit Manufactured Housing
New
For Sale
$10,000,000
2906 Palzita Ln, Summerville, SC 29485
Five-property portfolio combines manufactured housing lots with tenant-owned and rent-to-own homes in the Charleston MSA.
Property SizeContact for details
Lot Size10.68 Acres
Days on Market7
Property Features for 2906 Palzita Ln
General Information
Standard status
Active
Lot size
10.68 Acres
Property subtype
Mobile Home Park
Occupancy
100%
Financials
Asking Price
$10,000,000
Cap Rate
8%
Opportunity Zone
Yes
Site & Location
Highway Access
Yes
Road Access
Yes
Utilities to Site
Yes
Units
Unit Mix
28 x TOH, 41 x RTO, 1 x SFH
Multifamily Units
70
Amenities
100% Occupancy Across All Five Parks
Public Water at 4 of the 5 Parks, Public Sewer at all Parks
Brand New Roads at Thomas and Palzita MHP – All Parks Paved
Building Details
Year Built
1990
Listed By:
Dylan Hellberg · License #License(s): SC: 115377
(843) 952-2264
Source:
Marcusmillichap
Added: Sep 5
Last Checked: Sep 9 at 5:26AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Dylan Hellberg
Investment Insights
Based on property information with market context.
This five-park manufactured housing portfolio contains 70 occupied units across 10.68 acres in Summerville, within the Charleston MSA. The unit mix includes 28 tenant-owned homes, 41 rent-to-own homes, and one rented single-family home, supported by 69 manufactured housing lots and one single-family home site. All units are occupied, with no vacant lots, vacant homes, or park-owned rentals. Rent-to-own contracts carry a remaining balance of $645,720 and mature between 2027 and 2030, with most scheduled for December 2028.
Four parks use public water, while Palzita Lane MHP relies on a private well. All properties have public sewer, paved roads, curbside bins, and tenant-billed electricity; landlords handle mowing. Roads at Palzita MHP and Thomas MHP were completed in August 2026. Cone Lane MHP is in a flood zone, while the other four parks are outside flood zones. Magnolia Circle MHP is in an opportunity zone, and Bell Drive Circle MHP borders one. The portfolio is associated with an 8.0% global cap rate and a 5.7% lot-rent-only cap rate.
Four parks use public water, while Palzita Lane MHP relies on a private well. All properties have public sewer, paved roads, curbside bins, and tenant-billed electricity; landlords handle mowing. Roads at Palzita MHP and Thomas MHP were completed in August 2026. Cone Lane MHP is in a flood zone, while the other four parks are outside flood zones. Magnolia Circle MHP is in an opportunity zone, and Bell Drive Circle MHP borders one. The portfolio is associated with an 8.0% global cap rate and a 5.7% lot-rent-only cap rate.
Key Highlights
- 70 units across 5 manufactured housing parks on 10.68 acres
- 100% occupancy: 70 of 70 units occupied, with no vacant lots or homes
- Unit mix includes 28 tenant‑owned homes, 41 rent‑to‑own homes, and 1 rented single‑family home
Property Analytics
Current Use
Lease Details
70
Residential units
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
156
Businesses Nearby
Explore this area
Business Placement
Demographics for 29485, SC
57,181
Population
23,382
Households
2.4
Avg Household Size
38
Median Age
35%
College-Educated
94%
High-School Grad
48.6 sq mi
ZIP Area
1,177
Density / Sq Mi
$83,287
Median Household Income
$47,371
Median Earnings
$1,473
Median Rent
$311,300
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Mobile home & RV park - Five-property portfolio combines manufactured housing lots with tenant-owned and rent-to-own homes in the Charleston MSA.
Where is this mobile home & rv park located?
The property is located at 2906 Palzita Ln Summerville, SC.
What is the asking price?
The asking price for this property is $10,000,000.
What are key features of this property?
This property features: 70 units across 5 manufactured housing parks on 10.68 acres; 100% occupancy: 70 of 70 units occupied, with no vacant lots or homes; Unit mix includes 28 tenant‑owned homes, 41 rent‑to‑own homes, and 1 rented single‑family home
