711 N Williston Road, Florence, SC 29506 (MLS# 31006269)

711 N Williston Road, Florence, SC 29506

$4,900,000

Property Type: Commercial Sale Square Footage: 89,000 Status: Active

Current Price: $4,900,000 List Date: 5/29/2025 Last Modified: 5/29/2025

Overview

Description

SANDY HILL & EASY LIVING MOBILE HOME PARK PORTFOLIO Florence & Darlington, South Carolina Offered at: $4,900,000 | 120 Pads | 47.58 Acres INVESTMENT HIGHLIGHTS 120 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 p ... (Read more)

Listing Details MLS# 31006269

Location

Street Number: 711
Street Direction Prefix: N
Street Name: Williston
Street Suffix: Road
County: Florence
Nearest MSA: Florence, SC
Submarket/Township: 81 - Out of Area
State or Province: SC
Postal Code: 29506
Postal Code + 4: 29506
Parcel Number: 00240-01-06
Opportunity Zone: No

General Information

Property Sub Type: Multi Family
Listing Name: 120 Pad Mobile Home Park Portfolio (2 Parks)
Number of Units Total: 120
Building Area Total: 89000
Lot Acres: 46.37
List Price/Acre: 105671.77
List Price/SqFt: 55.06
Opt In to Crexi?: Yes

Contract Information

Listing Contract Date: 2025-05-29
Original List Price: 4900000

Building Related

Percent Occupied: 75
General Condition: Good
Year Built: 1999
Year Renovated: 2023
Parking Total: 240
Parking Ratio: 21

Land Related

In Flood Plain?: No

Status Change Info

Status Change Date: 2025-05-29

More Information

Auction Details

Auction: No

Area and Location

Airports: Florence Regional Airport 4 miles & 11 miles
Highway Access: Williston Rd
Property Located Between: I-95 Exit 170 & I-20 Exit 131

Directions & Remarks

Public Remarks: SANDY HILL & EASY LIVING MOBILE HOME PARK PORTFOLIO Florence & Darlington, South Carolina Offered at: $4,900,000 | 120 Pads | 47.58 Acres INVESTMENT HIGHLIGHTS 120 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 OVERVIEW Metric Value Asking Price $4,900,000 Current NOI (est.) $427,114 Cap Rate (as-is) 8.7% Potential Stabilized NOI (95% occ.) $651,126 52% 5Y Price per Pad ~$40,833 Occupancy 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.

Property Sub Type

Multi Family: Yes

Current Use

Mobile Home Park: Yes

Structure Type

Multi Family: Yes

Road Surface Type

See Remarks: Yes

Water Source

Public: Yes

Sewer

Septic Tank: Yes

Property Features

Property Sub Type: Multi Family Current Use: Mobile Home Park Structure Type: Multi Family Road Surface Type: See Remarks Water Source: Public Sewer: Septic Tank

Listing Office: Johnson & Wilson Real Estate

Last Updated: May - 29 - 2025

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