3237 Highway 92
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3237 Highway 92
24 Unit Mobile Home Park £1,723,260 (£71,802/Unit) Gray Court, SC 29645
Investment Highlights
- Unparalleled investment opportunity in Gray Court, SC: Portfolio of 24 mobile homes and 25 lots with potential for expansion or add mobile homes.
- Easy access to I-385 and I-26 offers convenience for commuters and excellent marketability for renters.
- Great proximity to the major SC employment hubs of Greenville (30 miles) and Spartanburg (40 miles).
- Gray Court experiences steady population growth thanks to its affordability and accessibility, as well as a growing demand for affordable housing.
Executive Summary
We are pleased to present an exceptional investment opportunity in Gray Court, South Carolina, comprising 24 mobile homes over 25 lots with no restrictions. This portfolio offers a rare chance to acquire both the land and the homes, (21 single-wide and 3 double-wide homes), providing an investor with the benefits of property ownership and long-term revenue potential. With minimal vacancy rates and a strong, stable rental income stream, supported by a professional management company that has expertly maintained the property for over a decade. this portfolio is an ideal addition to any real estate investment strategy.
Situated in the rapidly growing Upstate region of South Carolina, Gray Court offers an attractive environment for renters due to its proximity to larger cities, affordable living costs, and a burgeoning local economy. Gray Court is part of Laurens County, which has seen steady population growth in recent years, driven by its affordable housing market and proximity to Greenville-Spartanburg—one of the fastest-growing metro areas in South Carolina. The property is located just off major highways, offering convenient access to I-385 and I-26, making it an ideal choice for commuters working in nearby cities like Greenville (approximately 30 miles north) and Spartanburg (40 miles northeast).
Gray Court benefits from its proximity to the region’s manufacturing and logistics hubs, with industries such as automotive manufacturing, distribution, and healthcare contributing to local job growth. The expanding industrial base supports a steady demand for affordable housing options in the area.
This 24-unit mobile home portfolio offers an unparalleled investment opportunity in an emerging market with strong demand for affordable housing. With steady cash flow, minimal vacancy, and the ability to own both the land and homes, this portfolio is positioned for strong long-term returns.
Situated in the rapidly growing Upstate region of South Carolina, Gray Court offers an attractive environment for renters due to its proximity to larger cities, affordable living costs, and a burgeoning local economy. Gray Court is part of Laurens County, which has seen steady population growth in recent years, driven by its affordable housing market and proximity to Greenville-Spartanburg—one of the fastest-growing metro areas in South Carolina. The property is located just off major highways, offering convenient access to I-385 and I-26, making it an ideal choice for commuters working in nearby cities like Greenville (approximately 30 miles north) and Spartanburg (40 miles northeast).
Gray Court benefits from its proximity to the region’s manufacturing and logistics hubs, with industries such as automotive manufacturing, distribution, and healthcare contributing to local job growth. The expanding industrial base supports a steady demand for affordable housing options in the area.
This 24-unit mobile home portfolio offers an unparalleled investment opportunity in an emerging market with strong demand for affordable housing. With steady cash flow, minimal vacancy, and the ability to own both the land and homes, this portfolio is positioned for strong long-term returns.
Financial Summary (Pro forma - 2024) Click Here to Access |
Annual | Annual Per SF |
---|---|---|
Gross Rental Income | $99,999 | $9.99 |
Other Income | $99,999 | $9.99 |
Vacancy Loss | $99,999 | $9.99 |
Effective Gross Income | $99,999 | $9.99 |
Taxes | $99,999 | $9.99 |
Operating Expenses | $99,999 | $9.99 |
Total Expenses | $99,999 | $9.99 |
Net Operating Income | $99,999 | $9.99 |
Financial Summary (Pro forma - 2024) Click Here to Access
Gross Rental Income | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Other Income | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Vacancy Loss | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Effective Gross Income | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Taxes | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Operating Expenses | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Total Expenses | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Net Operating Income | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Property Facts
Price | £1,723,260 | Apartment Style | Garden |
Price Per Unit | £71,802 | Building Class | C |
Sale Type | Investment | Lot Size | 26.01 AC |
No. Units | 24 | Building Size | 25,268 SF |
Property Type | Residential | Number of Floors | 1 |
Property Subtype | Manufactured Housing/Mobile Home | Year Built | 1997 |
Price | £1,723,260 |
Price Per Unit | £71,802 |
Sale Type | Investment |
No. Units | 24 |
Property Type | Residential |
Property Subtype | Manufactured Housing/Mobile Home |
Apartment Style | Garden |
Building Class | C |
Lot Size | 26.01 AC |
Building Size | 25,268 SF |
Number of Floors | 1 |
Year Built | 1997 |
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Tub/Shower
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Smoke Detector
Unit Mix Information
Description | No. Units | Avg. Rent.Mo | SF |
---|---|---|---|
3+2 | 24 | - | - |
zoning
Zoning Code | Unzoned (Unzoned) |
Unzoned (Unzoned) |
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3237 Highway 92
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