Current Use by Public Records
- Mobile home & RV parks
Property Details for 1337 Lide Springs Rd
- Year built
- 1995
- Lot size
- 16.42 lot acres
- Property type
- Mobile home & RV parks
Description
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.
Value Estimations
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Darlington
- County
- Darlington
- State
- South Carolina
- Longitude
- -79.8497
- Latitude
- 34.3453
