Mobile Home Park Details

  • Purchase Method: Cash, New Loan
  • Property ID: 1105251
  • Posted On: Jul 11, 2019
  • Updated On: Oct 10, 2019

Property Description

Great Park in Spartanburg, SC. City water and sewer billed directly to tenants. Tenants mow their own grass and there are no common areas to mow. The only expense is taxes, insurance, and trash ($107/month currently for individual cans). Tenants pay well and mostly on time. Gravel road through park.

8 lots total (1 empty lot, 5 lots paying $275, 1 lot paying $225, 1 park owned home paying $550). The guy at the reduced lot is our eyes and ears for the park. Prak owned home is a 90's model and I have the title. Most tenants are long term. No issues with crime or neighbors. This a a quite park and is very easy to manage.

Attached rent roll is accurate. P&L does not reflect current income, as I've filled two lots within the past few months and raised rents.

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Park Information

Community Type: All Age
Number of MH Lots: 8
Total Occupancy: 87.5 %
Average MH Lot Rent: $275
Size: 1 acre(s)

Lot Information

Singlewide Lots: 8
Doublewide Lots: 0
Triplewide Lots: 0
Park Model Lots: 0

RV Information

Number of RV Lots: 0

Utility Information

Water: City
Water Paid By: Tenant - Individual Service
Sewer: City

Park-Owned Homes

Number of Park-owned Homes: 1
Average Rent for Park-owned Homes: $550

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