120 Sandy Springs Ln - Hidden Oaks & Southern Pines Mobile Home Park - Lexington, SC 29073 - MAKE OFFERS PRICE DROP

Gross Receipts $35,000+, $23,776.00 NOI for July/August 2024. Estimated $285,312 NOI, equating to $23,776+ per month after a rent push. 7.00% Cap Rate. NOI has been as high as $32,000 per month, but taking into consideration some Capex, we estimate it to be low. Rent Comps in the area will allow going much higher = $1,049 rent. Any figures can fluctuate over time. **NEWLY INSTITUTED LEASES AT $1,000 NOW THUS VALUE ADD REACHING THAT** Columbia, SC MSA / Lexington County / 38 Mobile Home Units In a Two-Park Adjacent Portfolio. Within a two-mile radius of a Walmart Super Center and Lowe's Home Improvement Center. Walgreens, Dollar General, Starbucks, Publix, Food Lion, High School, and Middle School are also within several miles. Lexington is a rapid expansion zone for the Columbia MSA for rooftops, commercial, and industry. Correspondingly, this combination of assets will maintain occupancy and vibrancy in the long term based on the pattern analysis of past performance and future projections. Video Tour https://drive.google.com/drive/u/4/folders/158Tjux5g5s6sIrzzl3-UIf4W2wYJ6x_W ALL ASPECTS OF PROPERTY AND SALE ARE SOLELY BUYER DUE DILIGENCE AND BROKER DOES NOT GUARANTEE ASPECTS THUS SOLELY BUYER DUE DILIGENCE.

***Owner may consider owner financing w/ at least $2M down & Highest and Best Terms 1) with proof of funds to do the complete deal 2) Half-Down and Personal Guarantee on the balance 3) Acceleration if default no foreclosure 4) 20-year amortization with a three-year balloon at a to-be-determined interest rate 5) Owner is in his upper 70’s and wants to 1031 out sooner rather than later.