Lakeview MHP

Located in northeastern South Carolina near the North Carolina border, Lake View is a small, historic town known for its quiet charm, friendly community, and deep southern roots. Originally settled in the late 1700s and incorporated in 1916, Lake View sits in Dillon County, surrounded by open farmland, pine forests, and the tranquil waters of its namesake lake. The town offers a peaceful, rural lifestyle while maintaining convenient access to nearby cities like Dillon and Marion, as well as Myrtle Beach, which is just over an hour away. This connection to larger markets gives residents the benefits of both small-town living and regional opportunity. Lake View’s economy reflects the heart of rural South Carolina, built on agriculture, small manufacturing, and local services. Many residents work in nearby industries such as timber, farming, education, and healthcare, often commuting to larger employers in Dillon County and surrounding areas. Despite the strong work ethic and community pride, Lake View faces challenges common to many small southern towns—household incomes are modest, and affordable, quality housing remains limited. This imbalance creates an opportunity for growth, as younger families, retirees, and working professionals seek attainable homes in a safe and welcoming setting. Investing in affordable rental housing in Lake View presents a meaningful chance to meet this growing need while contributing to the town’s long-term stability. With low property costs and steady local demand, new or revitalized housing can deliver strong returns while strengthening the local workforce and supporting community renewal. By providing accessible, comfortable housing, investors can help Lake View attract new residents, retain local talent, and sustain its role as one of Dillon County’s most inviting small towns—a place where southern tradition and opportunity come together to create a better quality of life for all.Lakeview Mobile Home Park, a 30-site manufactured housing community located in Lake View, South Carolina. The community is comprised of 11 occupied park-owned homes averaging $642 per month, 1 tenant-owned lot renting for $150 per month, and 2 vacant park-owned homes ready for rehab. The remaining 16 vacant lots include full infrastructure in place, providing a clear and cost-effective opportunity for infill and long-term growth. The property operates on city water and sewer included in rent, with the option to submeter or flat-bill back utilities to improve future margins. Lakeview MHP offers investors a strong foundation to complete the value-add infill of the community, with immediate upside through rent adjustments, home rehab, and occupancy expansion. At acquisition, the property delivers a 9.09% cap rate and 9.59% cash-on-cash return, offered at an attractive $17,500 per site, well below replacement cost. This investment represents an opportunity to acquire a well-located, low-basis community with stable infrastructure, below-market rents, and multiple avenues for growth. With rental upside, infill potential, and future utility recapture, Lakeview MHP provides a clear path to increased cash flow and long-term value creation in a reliable Carolina market.