306 Sundial Lane, Ladson SC 29456

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.