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Property profile & analytics
OFF-MARKET
Mobile home & RV parks

5865 Octavia Ave Ravenel, SC 29470-5518

7.43 ac lot Built 1988
Individually Owned 20-yr Hold Free & Clear
Property ID
US77-0813042
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Lisa Boyert · 20 yrs held
Lisa Boyert
since 2006
1 recorded transaction
2006
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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