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Address is 440 Davis Rd Piedmont, SC 29673

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Marcus & Millichap

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Gantt & Old Grove Mobile Home Park

Mobile Home Parks for Sale in Piedmont, South Carolina

440 Davis Rd
Piedmont, SC 29673

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Sale Price: $897,500
Photo of Mobile Home Park
Photo of Mobile Home Park

Contact Information

The Mhp Broker
Marcus & Millichap

Mobile Home Park for Sale

Number of MH Lots: 49
Size: 8.6 acre(s)
Cap Rate: 10.4%
Purchase Method: Cash, Seller Financing
Status: Active
Property ID: 370146
Posted on: Apr 24, 2013
Updated on: Jan 25, 2014
Price: $897,500

Property Description

Marcus & Millichap is please to present the listing of Gantt and Old Grove Mobile Home Parks. This listing includes two Mobile Home Parks for a total of 49 spaces. Gantt MHP consists of 22 spaces, and Old Grove MHP consists of 27 spaces. All lots are improved with a Park Owned Unit which is included in the purchase price. Currently the parks are at 92% occupancy. The parks are within close proximity to shopping, Interstate 85 and only 5.5 miles to downtown Greenville, South Carolina. Some tenants have been in residence for years and love it.

Location Description

Greenville is a top growth area in the US and one of the top places to retire. This area has had national attention due to the healthy economic climate, industry growth, job creations, infrastructure and cultural arts.

Park Information

Number of MH Lots:49
Total Occupancy:92.0%
Year Built:1968
Average MH Lot Rent: $200
Size:8.6 acre(s)

Lot Information

Singlewide Lots:49

Utility Information

Water Paid By: Tenant - Submetered