For Sale
$815,000

1075 Broad StClinton, SC 29325

25-Pad Mobile Home Park, High ROI

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional 25-pad mobile home park presents a compelling investment opportunity in Clinton, South Carolina. Located at 1075 N Broad St, Clinton, SC 29325, this 13.94-acre property boasts a diverse revenue stream, including lot rentals, rent-to-own options, and park-owned homes. Currently, the park comprises 10 lot rental pads, 9 rent-to-own units, 2 single-family homes, and 6 vacant lots and homes offering significant value-add potential. The property benefits from a tenant-friendly utility setup, with electricity billed directly to residents and city-provided water and sewer, minimizing operational expenses for the owner. Built in 1980, the park enjoys an 8.02% cap rate and a strong NOI of $57,278, reflecting its stable occupancy and consistent income generation. Situated within the Greenville-Spartanburg-Anderson metropolitan area, Clinton benefits from regional economic stability and growth, while maintaining an affordable cost of living. The local economy, driven by manufacturing, healthcare, and retail sectors, supports a consistent demand for affordable housing, making this mobile home park an attractive investment with potential for future revenue enhancement through increased occupancy. The asking price for this well-positioned property is $815,000.

Highlights

  • Multiple income streams from diverse tenant mix provide balanced cash flow and reduced risk.
  • Significant value-add potential through lease-up of vacant space.
  • Strong demand for affordable housing driven by Greenville-Spartanburg-Anderson metro area growth.

Property Details for 1075 Broad St

Property type
Mobile home & RV parks
Year Built
1980
Lot Size (sq. ft)
607,226 SF

Location Insight

City
Clinton
County
Laurens
State
South Carolina
Latitude
34.4884857
Longitude
-81.8829681
1075 Broad St, Clinton, South Carolina

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1075 Broad St
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