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    1337 Lide Springs Rd Darlington, SC 29540

    For Sale
    $655,000

    20-pad mobile home park, 8.37% cap rate.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This 20-pad mobile home park in Darlington, South Carolina presents a compelling investment opportunity. Located on 16.42 acres at 1337 Lide Springs Rd, Darlington, SC 29540, the property boasts a strong 8.37% capitalization rate and a Net Operating Income (NOI) of $43,757. Built in 1995, the park currently features a mix of 7 lot rentals, 11 rent-to-own units, and 2 vacant lots, offering immediate revenue generation and significant upside potential through vacancy fill. The efficient utility structure minimizes owner expenses; tenants are responsible for their own electricity, city water is provided, and a shared septic system handles sewer. This cost-effective setup contributes to the property's strong financial performance. Darlington's robust local economy, driven by manufacturing, agriculture, and healthcare, supports consistent demand for affordable housing, ensuring long-term occupancy stability and rental growth. The two vacant lots provide an immediate opportunity to increase revenue and occupancy rates, further enhancing the property's return on investment. This property offers a blend of immediate income and future growth potential in a desirable location.

    Property Features for 1337 Lide Springs Rd

    General Information

    Property type
    Multifamily properties
    Lot Size
    715,255 SF

    Building Details

    Year Built
    1995

    HighLights

    • $655,000 asking price for a 20‑pad mobile home park in Darlington, SC.
    • 8.37% cap rate with a $43,757 NOI.
    • Efficient utility setup: tenants pay electricity, city water is provided, and sewer is handled via a shared septic system, minimizing owner expenses.
    • Two vacant lots offer immediate upside potential for increased revenue and occupancy.
    • Strong demand for affordable housing in Darlington, SC ensures long‑term occupancy and rental growth.
    Property Profile Location Intelligence

    Current Use by Public Records

    Mobile home & RV ...

    Suggested Use

    Kitchen & Bath Plumbing Service

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Darlington
    County
    Darlington
    State
    South Carolina
    Longitude
    -79.849723
    Latitude
    34.345278

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    FAQs

    What type of property is this?
    Multifamily property - 20-pad mobile home park, 8.37% cap rate.
    Where is this multifamily property located?
    The property is located at 1337 Lide Springs Rd Darlington, SC.
    What is the asking price?
    The asking price for this property is $655,000.
    What are key features of this property?
    This property features: $655,000 asking price for a 20-pad mobile home park in Darlington, SC.; 8.37% cap rate with a $43,757 NOI.; Efficient utility setup: tenants pay electricity, city water is provided, and sewer is handled via a shared septic system, minimizing owner expenses.
    Request Owner's contact information
    1337 Lide Springs Rd Darlington, SC 29540
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    Darlington, SC 29540
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    Realmo Value Estimation

    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.

    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.

    Alternative use

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

    More about this property
    1337 Lide Springs Rd Darlington, SC 29540
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