5622 Steen Rd Jefferson, SC 29718
- Mobile home & RV parks
- 10.00 lot acres
Current Use by Public Records
- Mobile home & RV parks
Property Details for 5622 Steen Rd
- Lot size
- 10.00 lot acres
- Property type
- Mobile home & RV parks
Description
This exceptional investment opportunity presents a 28-pad mobile home park spanning 10 acres across four towns in Chesterfield County, South Carolina: Jefferson, Mt. Croghan, Pageland, and McBee. The property boasts a strong net operating income (NOI) of $148,234, resulting in an attractive 10.97% capitalization rate. Priced at $1,350,000, this translates to an appealing price per pad of $48,214.29. The park offers a mix of well and city water, septic and sewer systems, with tenants responsible for their own electricity, minimizing operational expenses. Its strategic location provides easy access to major employment hubs like Charlotte, NC, and Columbia, SC, benefiting from the ongoing migration from larger cities and the region's diversified economy encompassing manufacturing, agriculture, and retail. The 10-acre footprint presents significant potential for future growth and development, making this a compelling investment for those seeking stable cash flow and long-term appreciation in a thriving South Carolina market. The property is situated near the town of Pageland, approximately 45 minutes from Monroe, NC, and an hour from Charlotte, NC. The smaller towns of Jefferson, Mt. Croghan, and McBee offer similar rural charm and access to local amenities. This portfolio offers a unique blend of immediate income generation and substantial future development potential. The zip code is 29718.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Jefferson
- County
- Chesterfield
- State
- South Carolina
- Longitude
- -80.33
- Latitude
- 34.6549
