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    Aiken Mobile Home Park Portfolio Title is generated by Realmo AI

    37 Hillsboro Street, Aiken, SC 29801

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    For Sale
    $195,000

    MULTI_FAMILY - Aiken, SC

    Property size:
    4,620 SF
    Lot size:
    1.00 Acre
    Price / SF:
    $42/SF
    Added:
    May 3, 2026
    Days on Market:
    13
    Last Refresh:
    May 15 at 4:06 am

    Property Features for 37 Hillsboro Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bathrooms
    7
    Rooms
    Bathroom 5, Bathroom 7, Bathroom 2, Bathroom 1, Bathroom 6, Bathroom 3, Bathroom 4
    Standard status
    Active
    Size
    4,620 SF
    Lot size
    1.00 Acre

    Building Details

    Year built
    1996
    Number of units
    6

    We can help!

    Listing Contact
    Erika Ramsey
    Erika Ramsey

    Listing agent Erika Ramsey License #438110

    Listing office Coldwell Banker- Best Life Realty 823 Hayne Ave SW, Aiken, SC

    Listing date May 3, 2026

    MLS# 98257166

    Copyright © 2026 Hive MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Mobile home park: investment opportunity with 10 lots.
    • Includes 3 existing rent‑to‑own units generating income. Tenants handle interior maintenance.
    • Renovation opportunities exist with three vacant homes, one expected to be rent/RTO‑ready prior to closing.
    • Four vacant lots with existing infrastructure offer infill opportunities.
    • Existing infrastructure across most parcels supports development and operations.
    • Functional site layout and underutilized land components create multiple pathways for growth.

    Overview

    This mobile home park investment opportunity in Aiken, South Carolina, features a 10-lot portfolio across multiple parcels. The property offers a mix of existing rent-to-own income, renovation opportunities, and vacant infill lots. There are three existing rent-to-own units where tenants are responsible for most interior maintenance and home-level upkeep under agreed terms. Upon completion, ownership of the home transfers to the tenant while the park owner retains land ownership and continues to generate ongoing lot rent. One of the vacant homes is currently under renovation and is expected to be ready for rent or rent-to-own prior to closing. Two additional vacant homes require renovation. The property also includes four vacant lots with infill opportunities. Most parcels have existing infrastructure, including water distribution, electric service, and septic systems on developed pads. The property benefits from a functional site layout and underutilized land components, creating multiple pathways for growth through infill, renovation, and operational improvements. The total lot size is 1 acre. Parcels include: 119-05-13-011, 119-05-16-014, 119-05-13-008, 119-05-12-008, 119-05-12-007, 119-05-12-006, 119-05-12-005, 119-05-12-004, and 119-05-14-016.
    Location Intelligence

    Current Use by Public Records

    Mobile home & RV ...

    Map

    City
    Aiken
    County
    Aiken
    State
    South Carolina
    Longitude
    -81.682
    Latitude
    33.6484

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    FAQs

    What type of property is this?
    Mobile home & RV park - Mobile home park investment opportunity with significant upside in Aiken.
    Where is this mobile home & rv park located?
    The property is located at 37 Hillsboro Street Aiken, SC.
    What is the asking price?
    The asking price for this property is $195,000.
    What are key features of this property?
    This property features: Mobile home park: investment opportunity with 10 lots.; Includes 3 existing rent‑to‑own units generating income. Tenants handle interior maintenance.; Renovation opportunities exist with three vacant homes, one expected to be rent/RTO‑ready prior to closing.
    (803) 439-1710
    We can help!
    Listing Contact
    Erika Ramsey
    Erika Ramsey
    Real Estate License ID: 438110
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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