Mobile Home Park Details
- Cap Rate: 12.1%
- Listing ID: 416558
- Posted On: Nov 26, 2013
- Updated On: May 22, 2014
Description
Countryside Mobile Home Community has a total of 61 available lots, of which 44 are singlewide park owned homes, one doublewide park owned home, seven lot rental homes, eight developed empty lots, one office, and land included for four possible additional lots. The community is being offered on the basis of its current income, providing a great opportunity to take advantage of the upside of potential rent increases as well as the filling of the eight developed vacant lots and potentially developing for the use the four undeveloped lots.Average single wide rents are in the range of $250 with Countryside well below market at $175-$185.
Location
Spartanburg County is an integral part of the South Carolina Upstate Alliance. Located at the intersections of I-85 and I-26, the region has benefited from more than 100 international companies and major employers. BMW and Michelin both employ more than 8,000 workers and are located along I-85. Other employers include General Electric, Nestle, Duke Energy, Lockheed Martin, Fuji Film and Wal-Mart Distribution.
Park Information
Community Type: | All Age |
Number of MH Lots: | 61 |
Year Built: | 1984 |
Size: | 15 acre(s) |
Utility Information
Water: | City |
Water Paid By: | Park |
Sewer: | City |