306 Sundial Lane | #25009546
About this property
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Description
Sundial Park is a 20 unit Mobile Home Park in Ladson with a tremendous value add opportunity. The current owners have recently renovated several of the units, increased rents and established a solid blueprint to complete renovations throughout the park. The park currently sits at 100% occupied with a unit mix of 14 2BR units and 6 3BR units. Strong property management in place. With an NOI of $125,261, this project is offered at a 6.2% cap rate. It is estimated that the remaining units could be renovated with an additional cap ex of $150,000 which would bring the cap rate closer to 9% at stabilization.
Schools
| Name | Address | Phone | Type | Grade |
|---|---|---|---|---|
| College Park Elementary | 100 Davidson Drive | 8437972711 | Public | PK-5 SPED |
| Joseph R. Pye Elementary | 9701 Patriot Boulevard | 8436952979 | Public | PK-5 SPED |
| Ladson Elementary | 3321 Ladson Road | 8437642225 | Public | PK-5 SPED |
| Oakbrook Elementary | 306 Old Fort Drive | 8438211165 | Public | PK-5 SPED |
| Name | Address | Phone | Type | Grade |
|---|---|---|---|---|
| College Park Middle | 713 College Park Road | 8435538300 | Public | 6-8 SPED |
| Oakbrook Middle | 286 Old Fort Road | 8438739750 | Public | 6-8 SPED |
| Sangaree Middle | 1050 Discovery Drive | 8438214028 | Public | 6-8 SPED |
Price Change history
$1,900,000 $100/SqFt
$1,850,000 $97/SqFt
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Listing Provided by EXP Realty LLC
