Diamond Investments
Listed by Diamond Investments
$250,000
Mobile Home Park Development Downtown Spartanburg
Details
APN 7-11-07-014.00
Property Type Mobile Home Park
Sub Type Development, Land
Units 25
Pro-Forma Cap Rate 98.4%
Pro-Forma NOI $246,000
Broker Co-Op Yes
Class A
Year Built 2024
Acreage 4.750
Zoning NA
Investment Type Value Add
Ownership LLC
Mobile Home Park Development Downtown Spartanburg! Shovel Ready.
Marketing description
Diamond Properties is proud to present a rare opportunity to develop a 26-lot mobile home park within blocks from downtown Spartanburg SC. The county has approved plans. Due to county code requirements, streets are to be asphalt which will create an A-class community. Based on market comps, lot rents are projected at $900/mo and a potential stabilized value of $2,275,000 (on lot rent only). Additional income can be factored through taking a piece of each mobile home sold. Do not miss out on this cash-flowing high investment return opportunity!
Listing Contacts
Diamond Investments
Listed by Diamond Investments
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