10001 Garners Fry Rd, Eastover, SC 29044-9773
- Commercial real estate
- 1,500 SF
- 24.19 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 10001 Garners Fry Rd
- Year built
- 1986
- Construction
- WOOD
- Lot size
- 24.19 lot acres
- Zone code
- RU
- Property type
- Commercial real estate
- APN
- R27800-03-01
- APU
- R278000301
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| May 5, 2025 | $1,000,000 | Boscaglia Properties LLC | Cedar Creek Mobile Home Park LLC | Warranty Deed | $2.5M · Cedar Creek Mobile Home Park LLC |
| Sep 21, 2021 | — | Cedar Creek Mobile Home Park LLC | — | Deed · related | $300k · United Community Bank |
| Aug 11, 2021 | $350,000 | Cedar Creek Mobile Home Park LLC | Lisa D Shannon | Deed | — |
| Sep 29, 2020 | — | Gregory V Shannon | Roberta E S Hudson | Grant Deed · related | — |
Description
This exceptional 14.19-acre mobile home and RV park, located at 10001 Garners Ferry Rd, Eastover, SC 29044, presents a compelling value-add investment opportunity. Currently boasting 58 units and 76 total pads with 84% occupancy (as of January 26, 2024), this Class B property offers significant upside potential. The property features 34 newer (2021 model or newer) park-owned homes, an on-site office, and road frontage on Garners Ferry Road. The community benefits from a strong location, just 15 miles from the heart of Columbia, SC, a market experiencing robust economic growth and increasing demand for affordable housing. Significant improvements were made in 2022. The property includes a lagoon sewer system and is in the process of transitioning to city water. The current Net Operating Income (NOI) is $258,045, with a pro-forma NOI of $485,242, yielding a current cap rate of 6.62% and a pro-forma cap rate of 12.44%. The asking price is $3,900,000, or $51,315.79 per pad. The property is zoned RU. A portion of the parcel is located in zone AE, but this does not affect existing development. Seller financing is available with a $2,000,000 down payment, a 5-year term, and a 7% interest-only rate. This property offers a unique chance to increase cash flow immediately through rent increases and infill of vacant pads.
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Eastover
- County
- Richland
- State
- South Carolina
- Longitude
- -80.8261
- Latitude
- 33.9506
- CBSA code
- 17900
- CBSA name
- COLUMBIA, SC METROPOLITAN STATISTICAL AREA
