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1156 Russell Drive

Mount Pleasant, SC 29464
  • $4,100,000
  • STATUS: Active Under Contract
  • ON SITE: 277 Days
  • ID#: 22005555
Under Contract
$4,100,000
  • 0
    BEDS
  • 4
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Vacant Land / Lots
County:

School Information

Elementary School:
Middle School:
High School:

Description

This property is in probate, sale is subject to court approval. This offering reflects an existing mobile home park operating for decades at near full occupancy. The majority of tenants have been vacated to allow for increasing pad rates to market, or for residential redevelopment. The property also includes two residential lots that cannot be used for mobile homes, but offer potential for residential development, or resale to recoup the initial investment in the park.The park is accessed via a gravel road through a 25' strip of land passing between the two lots that is under the same ownership. The lots can be sold separately, but their sale will be contingent upon a closed sale of the mobile home park. Each lot will be reduced in size slightly to increase the park access road to 50'.The park alone has potential value of $3,600,000 at market rates while the lots are priced at $550,000 each. The $4,100,000 list price was set by the court. The pads are individually metered for power; common water is provided by the owner. The site is currently served by on-site septic, redevelopment will require sewer from the Town of Mount Pleasant. All zoning, density, utilities, & school information must be verified by the buyer and buyer's agent. *Please note: Wando and Lucy Beckham high schools are under a phase-in structure through 2023 based on grade level. If high school location is vital, call the school district to verify. TMS#532-03-00-022, 030, 031 & 107

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Charleston Trident Association of REALTORS® logo Real estate listing marked with the CTMLS logo or an abbreviated logo are provided courtesy of the Charleston Trident MLS Broker Reciprocity Database. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Cheryll Woods-Flowers | Coldwell Banker. Data last updated: 2022-12-07T23:33:17.297.
www.woodsflowers.com/homes/126423411
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1156 Russell Drive Mount Pleasant, SC 29464

  • Price: $4,100,000
  • Status: Active Under Contract
  • On Site: 277 Days
  • ID#: 22005555
0
Beds
0
Baths
0
½ Baths
4
Acres
Neighborhood:
None
County:
Charleston
Area:
Mt. Pleasant - South Of IOP Connector
Elementary School:
Mt. Pleasant Academy
Middle School:
Moultrie
High School:
Lucy Beckham
Property Description
This property is in probate, sale is subject to court approval. This offering reflects an existing mobile home park operating for decades at near full occupancy. The majority of tenants have been vacated to allow for increasing pad rates to market, or for residential redevelopment. The property also includes two residential lots that cannot be used for mobile homes, but offer potential for residential development, or resale to recoup the initial investment in the park.The park is accessed via a gravel road through a 25' strip of land passing between the two lots that is under the same ownership. The lots can be sold separately, but their sale will be contingent upon a closed sale of the mobile home park. Each lot will be reduced in size slightly to increase the park access road to 50'.The park alone has potential value of $3,600,000 at market rates while the lots are priced at $550,000 each. The $4,100,000 list price was set by the court. The pads are individually metered for power; common water is provided by the owner. The site is currently served by on-site septic, redevelopment will require sewer from the Town of Mount Pleasant. All zoning, density, utilities, & school information must be verified by the buyer and buyer's agent. *Please note: Wando and Lucy Beckham high schools are under a phase-in structure through 2023 based on grade level. If high school location is vital, call the school district to verify. TMS#532-03-00-022, 030, 031 & 107
Exterior Features

Lot Description Inside2 - 5 Acres

Property Features

Auction No Uses Mobile HomeResidential Zoning Residential

Charleston Trident Association of REALTORS® logo Listing courtesy of The Guerry Group, Llc: [IDXCONTACTINFORMATION].


Charleston Trident Association of REALTORS® logo Real estate listing marked with the CTMLS logo or an abbreviated logo are provided courtesy of the Charleston Trident MLS Broker Reciprocity Database. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Cheryll Woods-Flowers | Coldwell Banker. Data last updated: 2022-12-07T23:33:17.297.
 
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Cheryll Woods-Flowers | Coldwell Banker
1127 Queensborough Blvd., Ste 103
Mt. Pleasant SC, 29464