Mobile Home Park Details
- Cap Rate: 11.0% (Actual)
- Listing ID: 6857871
- Posted On: Mar 31, 2025
- Updated On: Aug 1, 2025
Description
We are pleased to present Cain Circle MHP. Located just off I-85 and I-585, this mobile home park offers an amazing investment opportunity in Spartanburg, South Carolina. Cain Circle community offers 8 park-owned homes, and one additional pad for one additional home to be added. Utilities are tenant-friendly, with electricity, city water and city sewer billed directly to residents, reducing operational overhead and maintenance responsibilities for the owner. Spartanburg, South Carolina, presents a compelling case for those seeking a balance of affordability, opportunity, and quality of life. Coupled with a diverse and expanding job market encompassing manufacturing, healthcare, and logistics, Spartanburg offers promising career prospects. Beyond economics, the city fosters a family-friendly environment with ample parks, recreational activities, and a welcoming community. Its proximity to the Blue Ridge Mountains provides easy access to outdoor pursuits, while its convenient location near larger cities like Charlotte and Atlanta ensures residents enjoy both a small-town feel and access to big-city amenities.
Location
Cain Circle Mobile Home Park, Spartanburg, SC 29303
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 9 |
| Total Occupancy: | 100.0 % |
| Year Built: | 1990 |
| Average MH Lot Rent: | $800 |
| Size: | 2 acre(s) |
Financial Information (Actual)
| Gross Income: | $84,000 |
| Operating Expense: | $8,000 |
| Net Operating Income: | $76,000 |
| Expense Ratio: | 9.5 % |
Lot Information
| Singlewide Lots: | 9 |
| Doublewide Lots: | 0 |
| Triplewide 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: | 8 |
| Average Rent for Park-owned Homes: | $800 |