Edgewood MHP

Description

100 Una Court
Spartanburg County Permitted MHP
9 MHP Spaces - AVG POH Rent: $887.50
5 Park owned Home Titles
4 Titles seller carry to tenant
1 3x2 Vacant
2 Tenant owned homes - AVG LOT Rent: $262.50
2 Vacant Pads
Public Utilities - Direct Metering
Trash - Onsite Dumpster

Located by Business I85 and New Cut Road, Edgewood MHP offers a unique investment at a competitive cap rate and pro forma potential for strategic value enhancement. The mobile home park sector in Spartanburg, South Carolina presents a compelling opportunity for investors seeking high-yielding assets.

Edgewood MHP is offered at $329,000.00 and consists of nine total rental spaces on +/-1 acre. Currently generating $4,075 monthly at 66% occupancy, five spaces are occupied by homes with titles held by the seller, while two spaces are occupied by tenant owned homes. There are two vacant spaces and one vacant mobile home available for immediate pro forma.

Following explosive urbanization in the I85 Corridor of the Upstate SC region, demand for affordable housing continues to expand. The market result has kept consistent occupancy in trend with rising rental rates, with current charges in Edgewood MHP at $1000/mo.

Matthew Nocella specializes in connecting investors with high-potential mobile home park properties in South Carolina. Equipped with deep market knowledge and experience, he offers expert advisory in the investment process, from analysis to acquisition.

For more information or to discuss current opportunities, please contact 864-729=2972 or matthew.nocella@SVN.com