8 Lot Mobile Home Park for sale behind Methodist College in Spartanburg.
1 vacant lot, water and sewer in place
1 lot paying $225 (he’s our eyes and ears for the park)
5 lots paying $275
1 lot has park owned trailer rented at $550. 90’s model with vinyl siding.
Total income $2,150/month
-City water and sewer, billed directly to tenants
-Tenants mow their own grass with no common areas that need lawn maintenance
-Great long term tenants, on an odd occasion someone pays late, its’ always within a few days and they include late fee.
-Most tenants are on month to move, so raise rents whenever you please
-Only expenses are trash ($107/month), annual permit ($75/year) taxes and insurance.
-NIce, quiet area. Park is somewhat isolated by private drive and trees.
I’ve owned this park for around 3 years. I’m only selling to cash out and pay off some other properties.
I have a local property manager handling the park owned home. They do a fantastic job and will manage the entire park if so desired by new owner. This is a great opportunity to purchase a solid, cash flowing multifamily property with the ability to be hands off!
Asking $215,000
Derek Robinson
Colt Investments LLC
derek@coltinvest.com
828-545-3694 (text please)