Multi-Family Space For Lease @ 4 Olive Shell Ct

Very unique opportunity to acquire a 5.16 acre parcel with 15 existing individually metered lots (water/sewer/electric), 14 homes, and one land lease, with upside potential on Hilton Head Island. There are currently six double wide mobile homes and eight single wide homes. All of the structures were purchased new between 2016 and 2017 with the exception of one mobile home that was remodeled in 2016. Structures range from 949 square feet to 1,998 square feet. The rents are below market which provides upside potential. Additionally, zoning allows for eight units per acre so the property could be reworked to create more density and income. By simply combining the lots you can increase density and income immediately. If desired, you could completely redevelop and/or go vertical for considerably more density and income. Please contact listing agent for details. This space offers accomodations for: mobile home park.