1601 State Rd Cheraw, SC 29520

This 38-pad mobile home park in Cheraw, South Carolina, presents a compelling investment opportunity, listed at $1,400,000. Situated on 16 acres, the property boasts a 9% cap rate and a net operating income (NOI) of $126,026. Each pad carries a price of $36,842. The park benefits from low operational costs due to well water and septic systems, with tenants responsible for their electricity. Its strategic location behind Walmart and Highland Corporate headquarters, and near Chesterfield General Hospital, ensures a stable tenant base supported by Cheraw's local economy and proximity to major employment centers in Charlotte and Columbia. The property's size offers potential for future expansion or development. The current rental income provides a solid foundation, with significant upside potential through rent increases. This value-add opportunity is ideal for investors seeking consistent cash flow and long-term growth in a thriving market. The park's location in Chesterfield County, South Carolina, zip code 29520, provides easy access to major transportation routes and regional amenities. The strong local economy and the demand for affordable housing contribute to the property's attractive investment profile.