8947 Salamander RdNorth Charleston, SC 29406

This exceptional 12-unit mobile home park presents a compelling investment opportunity in North Charleston, South Carolina. Priced at $997,000, this property boasts a strong 8.05% capitalization rate and a net operating income (NOI) of $80,246. Situated on a 2.3-acre lot at 8947 Salamander Rd, 29406, the park enjoys convenient access to I-26 and the retail hub on Rivers Avenue. The park comprises 10 mobile home pads, 7 park-owned homes, and 2 tenant-owned homes, along with 2 single-family rentals and one vacant lot. Built in 1978, the property features city water and sewer, with individual meters for each home, although the master meter is currently billed back to tenants. Trash services are included in property taxes and managed by the city. Tenants are responsible for electricity and landscaping maintenance. The park features a private paved road and ample off-street gravel parking. The well-maintained property offers potential for rental increases, further enhancing its investment appeal. This is a turnkey opportunity for an investor seeking a stable, high-yield asset in a desirable location.