Contact Information

Mobile Home Park Details

  • Price: $729,000
  • Cap Rate: 11.0% (Actual)
  • Listing ID: 6857871
  • Posted On: Mar 31, 2025
  • Updated On: Mar 31, 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

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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 %

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

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