Viewing Listing MLS# 31006269

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- Florence, SC Real Estate | Florence - Commercial Sales Property

$4,900,000 | N/A beds | N/A full baths | N/A half baths | 89,000 sqft

$4,900,000 No Recent Price Change
711 N Williston Road
Florence, SC 29506
  • $55.06Price per SqFt
  • 89,000SqFt
  • 54Days on Market
  • N/AZoning
  • 1999Year Built
  • Multi FamilyUse
  • MLS# 31006269
  • Commercial Sales
  • Multi Family
  • Active

  • Approx Time on Market1 month, 23 days
  • AreaOut of Area
  • CountyFlorence
  • Subdivision N/A

Overview

SANDY HILL & EASY LIVING MOBILE HOME PARK PORTFOLIOFlorence & Darlington, South CarolinaOffered at: $4,900,000 | 120 Pads | 47.58 AcresINVESTMENT HIGHLIGHTS120 total pads across two contiguous parks, both with city water (tenant pays direct on EL) and septic systems. Sandy Hill (Master meter billed via RUBS) and septic systems.Current occupancy: 75%, with significant upside through lot fill and rent optimization. 23 park-owned homes provide additional revenue and potential conversion opportunity to tenant-owned units.Large lot sizes and mature landscaping contribute to tenant retention and long-term community stability.Strong regional demand for affordable housing in Florence MSA with low vacancy and limited competition.Undervalued rents at $613/month average, allowing room for market-based increases.Easy Living has city water with direct billing, owner pays trash, slag roads, 1:1 septic systems. Sandy Hill has city water master metered, 1:1 Septic, owner pay trash, slag roads, RUBs $57 per occupied pad. FINANCIAL OVERVIEWMetric ValueAsking Price $4,900,000Current NOI (est.) $427,114Cap Rate (as-is) 8.7%Potential Stabilized NOI (95% occ.) $651,126 52% 5YPrice per Pad ~$40,833Occupancy 75% (Upside to 95%)Expense Ratio (est.) 35.5%Listing agent is investment partner.Buyer to verify any and all information important to them to their satisfaction.



Building Info

Anchored:  No

Year Built:  1999

Financial

Garage / Parking

Lot Info

County:  Florence

Land Size:  46.37

Misc

Title:  120 Pad Mobile Home Park Portfolio (2 Parks)

Offer Compensation

Property Info

Second Property Subtype:  Multi Family

Nearest Msa:  Florence, SC

Property Type:  A

Original Price:  $4,900,000

Property Use Type:  Mobile Home Park

Class Type:  Multi Family

Sold Info

Sqft Info

Rentable Area:  89000

Unit Info

Utilities / Hvac

Water Source:  Public

Sewer:  Septic Tank

Courtesy of listing office Johnson & Wilson Real Estate 

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On heatherlord.com since Thu, May 29th 2025
No Property History recorded for this listing.

Residential, Land, Other Disclaimer:

Broker Reciprocity The data relating to real estate for sale on this web site comes in part from the Broker ReciprocitySM Program of the Charleston Trident Multiple Listing Service. Real estate listings held by brokerage firms other than The Boulevard Company are marked with the Broker ReciprocitySM logo or the Broker ReciprocitySM thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Last updated on 07-23-2025 12:00 PM EST . The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. Copyright 2025 Charleston Trident Multiple Listing Service, Inc. All rights reserved.
Commercial Sale/Lease: Copyright 2025 South Carolina commercial MLS, Inc. All rights reserved. Last updated on 07-23-2025 12:00 PM EST est.

Any images related to data from the MLS is the sole property of the MLS and not the responsibility of the owner of this website.


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