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Address is 101 Kent Park Circle Roebuck, SC 29376

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The Glen at kent Park

Mobile Home Community for Sale in Roebuck, South Carolina

101 Kent Park Circle
Roebuck, SC 29376

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Sale Price: $114,000
 

Mobile Home Park for Sale

Number of MH Lots: 12
Size: 2.5 acre(s)
Purchase Method: Cash
Status: Active
Property ID: 666543
Posted on: May 17, 2016
Updated on: May 17, 2016
Price: $114,000

Property Description

This semi-dormant mobile home park offers an unusual opportunity to create a beautiful, high revenue park in the Greenville / Spartanburg Corridor, arguably the strongest economy in the country.

The park consists of 12 pads at the unusually low price of $9500 per site.

The park has two nice existing homes that are owner occupied, one park owned home that can be renovated, and nine vacant pads. The layout is pleasing.

By adding nine homes (probable all-in cost of $108,000 +/-) revenues of $65,000 +/- can be created. South Carolina costs are modest. Assuming a 40% cost factor, the NOI could be nearly $40,000. At an 11 % cap rate that equates to a value of $350,000. The NOI on the $225,000 all-in cost would be nearly 20%.

Park Information

Number of MH Lots:12
Total Occupancy:16.0%
Year Built:0
Average MH Lot Rent: $200
Size:2.5 acre(s)

Lot Information

Singlewide Lots:10
Doublewide Lots:2

Utility Information

Water:City
Water Paid By: Park
Sewer:Septic

Park-Owned Homes

Number of Park-owned Homes:1
Average Rent for Park-owned Homes: $600


Zip codes in Roebuck, SC


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