810 Myrtle Rd Andrews, SC 29510-3191
- Mobile home & RV parks
- 4.20 lot acres
Current Use by Public Records
- Mobile home & RV parks
Property Details for 810 Myrtle Rd
- Lot size
- 4.20 lot acres
- Property type
- Mobile home & RV parks
- APN
- 06-0014-071-00-00
- APU
- 600140710000
Description
This exceptional investment opportunity presents the Mingo River Mobile Home Park, a well-established 30-site community located at 810 W Myrtle Rd, Andrews, SC 29510. The park boasts a diverse mix of 13 park-owned homes, 13 tenant-owned homes, and one lot rented for parking at a rate comparable to tenant-owned homes. Adding to the potential, there are also two vacant lots and one park-owned home currently undergoing remodeling. The park's inventory has been consistently upgraded over time, with several older homes replaced by newer models, enhancing the overall quality and appeal. Municipal water and sewer services are provided, with costs covered by the owner and reimbursed by tenants, which also includes garbage collection. Andrews enjoys a convenient location, approximately one hour and twenty minutes from both Myrtle Beach and Charleston, South Carolina. The Robert F. Swinnie Airport is just two miles from the town's central business district. Kingstree and Georgetown are the nearest larger towns in Williamsburg and Georgetown Counties, respectively. This property is offered at $1,500,000. All inquiries must be handled through the appropriate channels to maintain confidentiality and respect the privacy of residents and staff.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $415,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $480,000
- 6.5%
- $485,000
- 7%
- $525,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $445,000
- Geo Method
- $480,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $455,000
- Retail
- $575,000
- Mixed-Use
- $475,000
- Hospitality
- $415,000
- Educational
- $535,000
- Residential Income
- $520,000
- Energy
- $420,000
- Income-Based Land
- $560,000
- Food Service
- $430,000
Location Insight
- Map
- Local Demand
- City
- Andrews
- County
- Georgetown
- State
- South Carolina
- Longitude
- -79.5763
- Latitude
- 33.4455
- CBSA code
- 23860
- CBSA name
- GEORGETOWN, SC MICROPOLITAN STATISTICAL AREA