Cedar Hill Village
1435 Cherryvale Dr,
Sumter, SC 29152
 
$2,500,000
Price
7.55
GRM
$52,083
Price Per Unit
48
Number of Units
7.69%
Cap Rate
1,034,550
Land SF
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$2,500,000
Price
7.55
GRM
$52,083
Price Per Unit
48
Number of Units
7.69%
Cap Rate
1,034,550
Land SF
Rental Market
Cedarhill Mobile Home Park presents a compelling investment opportunity in Sumter, SC, perfectly situated to capitalize on the high demand for affordable housing. Adjacent to the strategic Shaw Air Force Base and nestled in the heart of Sumter, this property stands as an ideal solution for both military personnel and local residents seeking quality, accessible living options. Spanning over 20 acres, Cedarhill offers a blend of residential units, including 45 park-owned homes (POH's) and a single-family brick home, alongside 2 Tenant Owned Homes (TOH's), creating a diverse community with a strong potential for steady rental income.
The acquisition of Cedarhill Mobile Home Park opens the door for investors to initiate the infill process, significantly enhancing the park's density and value. This strategic move, coupled with the potential to incrementally raise rents to a stabilized figure, presents a clear path to bolstering revenue and achieving a robust return on investment. The proximity to Shaw Air Force Base not only ensures a continuous demand but also affords the property a unique competitive advantage in the Sumter housing market. With the right investment in maintenance, marketing, and community development, Cedarhill is poised to become a leading residential choice in Sumter, offering investors a lucrative opportunity to tap into a market with proven demand and growth potential.
Sumter
Sumter, South Carolina, is a vibrant community where history and modernity converge, creating a unique blend of cultural and economic vitality. Anchored by major employers like Shaw Air Force Base, Continental Tire, and Palmetto Health Tuomey Healthcare System, the city boasts a robust economy with opportunities spanning military, manufacturing, and healthcare sectors. This economic diversity not only fuels Sumter's growth but also supports a quality of life that attracts a dynamic workforce. The city's rich military heritage, highlighted by Shaw Air Force Base, not only contributes significantly to the local economy but also enriches the community with a sense of pride and tradition.
Beyond its economic landscape, Sumter is a haven for nature and culture enthusiasts alike. The serene Swan Lake Iris Gardens, with its stunning floral displays, and the historic Sumter Opera House, offering a variety of cultural performances, are just a few examples of the city's vibrant recreational and cultural scene. Sumter's historical significance is woven into the fabric of the community, with landmarks and festivals like the annual Iris Festival paying homage to its rich past. Additionally, the plethora of parks, lakes, and trails underscore Sumter's appeal to those who cherish outdoor activities and natural beauty, making it an inviting place for residents and visitors to explore and enjoy.
FOR MORE DETAILS CONTACT
Thomas Lewis
Sr Multifamily Advisor
(980) 347-9229
tlewis@ardorcre.com
339469
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