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Property Description

Description: This property has it all!
As of October 2018:
3.336 acres 15 pads and 15 mobile homes in the Mobile Home Park with an approximately 1300 sq ft house with a basement
94% occupancy rate
The current lot rental is approximately $276.00 per month with 2% annual inflation increases
3 (October 2018) mobile homes are being financed with an average mortgage/escrows of $355 (in addition to the lot rent)
No 24 x 7 on call requirements for repairs to the financed mobile homes
•  The approximately 1300 square foot house with a basement is currently rented only to transient quests as a vacation rental property and averages $2,117 income per month. The future owner and/or manager could occupy the house conveniently located next to the MHP.
• One mobile home is currently rented to only transient guests as a vacation rental property and averages $1,526 income per month. Another mobile home is currently being remodeled and will also be rented to only transient guests as a vacation rental property.
•  This is a well established property that has been in operation since 1970
•  The property has been extensively improved over the last 11 years (including adding a new HVAC system at the ranch house in June 2018 with a 10 year transferrable warranty)
This area is highly desired as it’s nationally ranked as a top area to live and also one of the best places to retire. This current owner operated MHP is also highly desired. It offers a beautiful scenic 3.336 acre Park with seasonal views of Paris Mountain, a creek, grassy open common area and trees.
Homeowners pay excessive water and sewer usage. Some homeowners have been here for decades. 5 mobile homes are Park owned. The average mortgage is $355 monthly in addition to the lot rent which is $276 monthly (with a fixed water/sewer access minimum allowance).
The Park has a two-lane asphalt u-shaped street for convenience of all homeowners. It has a two-car asphalt-parking pad for each lot. The entire property is on one meter for city water and sewer with sub-meters and readers located at each home. The Park is total electric and has security lights.
The 3.336 acre Park has approximately 500 feet of road frontage on Tubbs Mountain Road Extension, approximately 400 feet creek side/water front. The excellent topography is rectangular and gently slopes downward to the creek with seasonal Paris Mountain views. If you are more interested in developing the property it is ideal for multi-family solutions.
The approximately 1300 sq ft completely remodeled 3 bedroom/1 to 2 bathroom single-family ranch house is on a basement. It’s currently rented. But it could be utilized as the owner’s/manager’s home as well.
Serious buyers only, please contact Park owner. This property is shown by appointment only. Please be considerate as the homeowners are not aware that this property is on the market.
Location: 206/208 Tubbs Mtn. Rd. Ext. Travelers Rest, SC 29690 in the County of Greenville. The Park is conveniently located in Travelers Rest, SC in Greenville County just 10 minutes to Greenville, SC and 45 minutes to Asheville, NC! It is just blocks to downtown, the Swamp Rabbit Trail, Sunrift Adventures, Ingles Grocery, Wal-Mart, fast food restaurants, and other shopping, doctor’s offices, North Greenville Hospital and other conveniences. Several colleges are located nearby, including Furman University, Greenville Tech, USC Update (Greenville), Bob Jones University and North Greenville University. Other conveniences within 5- 10 minutes are Lowes and Cherrydale Shopping area, which includes a cinema, Staples, Home Depot, Ross, Old Navy, Radio Shack, grocery and several fine dining restaurants.
Description, Attractions, Community etc. of Travelers Rest, SC and the surrounding communities:
http://travelersrestsc.com/
http://greenvillerec.com/swamprabbit
https://www.greenvillesc.gov/
http://www.exploreasheville.com/ http://www.southcarolinaparks.com/caesarshead/introduction.aspx http://www.ncblueridge.com/ http://www.southcarolinaparks.com/parismountain/introduction.aspx http://www.co.spartanburg.sc.us/

Mobile Home Park Details

  • Price: $881,810
  • Purchase Method: Cash
  • Property ID: 1000446
  • Posted on Oct 20, 2018
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Park Information

Community Type: All Age
Number of MH Lots: 15
Total Occupancy: 94.0 %
Year Built: 1976
Average MH Lot Rent: $276
Size: 3.3 acre(s)

Lot Information

Singlewide Lots: 15

Utility Information

Water: City
Water Paid By: Tenant - Submetered
Sewer: City

Park-Owned Homes

Number of Park-owned Homes: 1
Average Rent for Park-owned Homes: $2,113

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