Posted By Gray Bailey @ Aug 17th 2010 1:19pm In: Personal

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1011926 - Multi-Family
Ravenel, SC

We were priced at $3,000,000 for full ownership or $1,600,000 for 50% ownership. We are now priced $2,750,000 for full ownership and will negotiate 50% ownership. This park has a strong rental history with above average rent. Owner says park stays above 95% occupancy and he has a maintenance crew in place with rental perks to the maint technicians. Partners buy in could be a cash buy in to be an absentee owner with little responsibility to new partner. Current owner will be willing to continue running park. Partnership would split all profits and allow new owner to assist with all park decisions. Current owner would use the buy-in to make improvements to the property to increase cash flow, including a tie in the a new sewage system being brought into the area. Commercial lot on Hwy 17 may be used for other purposes. Thousands of cars per day pass this site and seller feels a restaurant or other business may be lucrative. Seller may be willing to offer some financing for this purchase being paid back by the rentals.. Have your agent call for more information. Age of trailers varies greatly so year built is just an estimated age. If schools or any other information are important please verify. PLEASE DO NOT DISTURB TENANTS. PLEASE USE DISCRETION WHILE LOOKING AT PROPERTY.

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