Technical
Financial
Distress signals
Property profile

5865 Octavia Ave Ravenel, SC 29470

OFF-MARKET
Mobile home & RV parks
Property ID
US77-0813042
7.43 ac lot Built 1988
Individually Owned 20-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 7.4-acre parcel presents a unique investment opportunity in the thriving Ravenel, South Carolina market. Currently operating as a manufactured home park with twelve existing residences, some of which have been established for over three decades, this property offers significant potential for redevelopment. The land is entirely cleared, providing immediate access for construction. Its strategic location offers convenient access to essential amenities. The property is situated just 1.5 miles from a Food Lion grocery store, ensuring residents have easy access to daily necessities. Furthermore, its proximity to Roper St. Francis Hospital, only 9 miles away, provides peace of mind and underscores the desirability of the location. Existing infrastructure further enhances the property's appeal. Ravenel sewer lines run along the rear of the property, while public water lines are readily available on Octavia Avenue, simplifying the connection process for future development. The property's zoning and potential uses should be verified independently with the relevant authorities. This is an ideal site for the construction of single-family homes or multi-family residential units, catering to the growing demand for housing in the area. The existing tenants should not be disturbed. This presents a rare chance to acquire a substantial land holding in a prime location with excellent infrastructure and strong potential for future growth. Serious inquiries only.

Property profile

Verified
Property type Mobile home & RV parks
Use group MOBILE HOME PARK, TRAILER PARK
Year built 1988
Lot 7.43 ac (323,651 SF)
APN 187-00-00-220
UPID US77-0813042

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

5865 Octavia Ave Ravenel, SC 29470-5518
Ravenel metro Census 2504 CHARLESTON-NORTH CHARLESTON, SC METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

since 2006
1 recorded transaction
2006
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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