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$478,000
1.65 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family, Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Rent
MLS Listing ID 1559464
Construction Status Unknown
Building Age Unknown
Annual Tax Amount $2,811
Lot Size 1.650 Acres
Lot Dimensions 200 x 282 x 200 x 282
Property Sub-Type Multi Family
Property Description
This 12-lot mobile home park in Cherokee County offers a 100% tenant-owned home (TOH) portfolio with zero vacancies, providing immediate cash flow stability. Lot rents average $300 for TOHs, while POHs generate $998 combined rents, contributing to a $3,900 monthly income. Expenses are projected at 25%, yielding a $35,100 NOI. Liberty's population of 3,269 residents supports demand, and is centrally located between Easley and Clemson, SC. Situated on approximately 2.5 acres, the park benefits from public water service and sewer systems, contributing to the this park's low maintenance profile. Occupancy and rent growth is supported by Gaffney's stable workforce tied to textile manufacturing and proximity to larger municipalities, Greenville and Charlotte. This is an incredible investment opportunity in one of the most exciting asset classes in multifamily real estate.
Location
State SC
County Cherokee
Area Other
Interior
Heating Electric
Cooling Electric
Flooring Other
Fireplace No
Exterior
Roof Type Other
Building
Sewer Public Sewer
Water Public
Construction Status Unknown
Others
Acceptable Financing None
Listing Terms None
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Listed by WATERSHED GVL, LLC
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Elizabeth "Mama Liz" Loadholt
COO, BIC, CRB, AHWD | License ID: 1875
COO, BIC, CRB, AHWD License ID: 1875