executive summary orangeburg mhp...location overview property highlights • centrally located •...
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SHERMAN & HEMSTREET REAL ESTATE COMPANY624 Ellis St. , Augusta, GA 30901shermanandhemstreet.com706.722.8334
JOE EDGE, SIOR, [email protected]
OFFERING SUMMARY
Sale Price: $1,200,000
Number Of Units: 36
Cap Rate: 9.88%
NOI: $118,522
Package consists of 36 units. 1 unit is a vacant stick built house in bad shape and 1 is a vacant lot. 16 are space renters, 8are RTO home and land, 5 units are very nice rentals. 3 units are RTO home and 2 units are RTO land. RTO units pay areimbursement for taxes and insurance. Each lot is fee simple and has its own parcel number and can be sold separately ifdesired. Most units have been renovated. There is a first mortgage for around 200k that can be assumed and is a privatenon-recourse note. Landlord pays no utilities.
PROPERTY OVERVIEW
Residential area close to retail and office in Orangeburg, SC. Centrally located and all in same general area. Many of unitsare in the Edisto School District which is highly sought after.
LOCATION OVERVIEW
PROPERTY HIGHLIGHTS
• Centrally Located
• Close to schools, retail and jobs
• Fee simple units
140 Trell Court, Orangeburg, SC 29115Orangeburg MHPEXECUTIVE SUMMARY
SHERMAN & HEMSTREET REAL ESTATE COMPANY624 Ellis St. , Augusta, GA 30901shermanandhemstreet.com706.722.8334
JOE EDGE, SIOR, [email protected]
UNIT TYPE COUNT % TOTAL RENT
Rental 5 13.9 $515
Space Renters 16 44.4 $200
RTO Home 3 8.3 $500
RTO Land 2 5.6 $250
RTO Home & Land 8 22.2 $495
SF Home 1 2.8 $0
Vacant Lot 1 2.8 $0
Totals/Averages 36 100% $11,735
140 Trell Court, Orangeburg, SC 29115Orangeburg MHPUNIT MIX SUMMARY
SHERMAN & HEMSTREET REAL ESTATE COMPANY624 Ellis St. , Augusta, GA 30901shermanandhemstreet.com706.722.8334
JOE EDGE, SIOR, [email protected]
140 Trell Court, Orangeburg, SC 29115Orangeburg MHPLOCATION MAPS
SHERMAN & HEMSTREET REAL ESTATE COMPANY624 Ellis St. , Augusta, GA 30901shermanandhemstreet.com706.722.8334
JOE EDGE, SIOR, [email protected]
624 Ellis St.Augusta, GA 30901T 706.288.1077C [email protected]
PROFESSIONAL BACKGROUND
Joe Edge has been a licensed real estate broker for fourteen years. After four years of serving in the Marine Corps, Joestarted his career in real estate. He acquired the 90-year-old firm Sherman & Hemstreet, Augusta, GA's largest commercialreal estate firm in 2006. Currently, S&H is the largest CRE firm in the Augusta, GA region and provides commercial real estateservices for all of the southeastern United States. In addition to the Augusta, GA region, Joe is licensed and personallyhandles all transactions in Georgia, Florida, Alabama, South Carolina, North Carolina, and Virginia.
Joe has also grown S&H into one of the nation's leading property management firms. Currently managing over 6,500 unitsconsisting of apartments, single family rentals, and manufacturing housing communities. S&H also acts as an asset managerfor over ten million square feet of office, industrial and retail space.
Currently, Joe holds both the CCIM and SIOR designations and is a CPM (Certified Property Manager) candidate. The CCIM isthe highest designation an investment sales broker can obtain. The SIOR designation is the most prestigious designation anyoffice or industrial broker can receive requiring a very high commission threshold. Several S&H agents hold thesedesignations. To learn more about these designations go to www.ccim.com or www.sior.com.
MEMBERSHIPS & AFFILIATIONS
Certified Commercial Investment Member (CCIM)Society of Industrial and Office Realtors (SIOR)
JOE EDGE, SIOR, CCIMPresident & Broker
140 Trell Court, Orangeburg, SC 29115Orangeburg MHPADVISOR BIO & CONTACT 1