1075 Broad StClinton, SC 29325

Property Details for 1075 Broad St

Year built

1980

Lot size

13.94 AC

Property type

Residential income properties

Property subtype

Multifamily properties

Description

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.

Location Insight

City

Clinton

County

Laurens

State

South Carolina

Latitude

34.4885

Longitude

-81.883

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