3976 Leesburg Rd Hopkins, SC 29061
- Mobile home & RV parks
- 19,300 SF
- 3.74 lot acres
Current Use by Public Records
- Mobile home & RV parks
Property Details for 3976 Leesburg Rd
- Lot size
- 3.74 lot acres
- Property size
- 19,300 SF
- Property type
- Mobile home & RV parks
- Property subtype
- Campgrounds
Description
This exceptional investment opportunity presents a 28-site RV park situated on a 3.74-acre lot at 3976 Leesburg Road in Hopkins, South Carolina, zip code 29061. The property boasts a total of 19,300 square feet and currently enjoys 100% occupancy. The park features 27 park-owned homes and one vacant lot ready for immediate development, offering significant upside potential. Sixteen of the existing homes are currently occupied, with the remaining units recently renovated and awaiting tenants. A management company is currently in place, streamlining operations. The property utilizes a private septic system and well water. Infrastructure includes gravel roads and cement pads. The existing homes are a mix of models from the 1980s and more recent builds. Current rental rates are below market value, presenting a substantial opportunity to increase NOI. A pro forma analysis indicates a potential NOI of $250,000 if all park-owned homes were rented at market rates. The current NOI is $66,768, with a 5.56% cap rate and an asking price of $1,200,000 ($62.18 per square foot). This property is conveniently located off Highway 15, providing easy access and high visibility. The significant difference between current rents and market/government subsidized rates ensures a secure and profitable investment.
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
- Hopkins
- County
- Richland
- State
- South Carolina
- Longitude
- -80.858114
- Latitude
- 33.9927497
