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Opportunity Zone

Clinton MHP

Mobile Home Park | 8.02% CAP | 25 Pads

Listing Contacts

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Active

Asking Price: $815,000
Listing Broker NameBen Yelm
Address 

1075 N Broad St, Clinton, SC 29325

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Date Added
Nov 15, 2024
Days on Market
126 days
Time Since Last Update
30 days

Details

Property TypeMobile Home Park
SubtypeManufactured Home Communities
Cap Rate8.02%
NOI$57,278
Pads25
Year Built1980
Lot Size (acres)13.94

Marketing Description

Marcus & Millichap is pleased to present Clinton MHP, a well-located mobile home park investment opportunity in Clinton, South Carolina.​ This 25-pad community offers a mix of lot rent, rent-to-own, and park-owned home options, maximizing income potential and catering to a range of tenants.​ The property’s layout includes 10 lot rental pads, 9 rent-to-own units, 2 single family homes, 1 vacant park owned home, and 3 vacantlots for future tenant placement, and 3 vacant park owned homes, ready for new occupants.​ Utilities are tenant-friendly, with electricity billed directly to residents, and water and sewer provided by the city, reducing operational overhead and maintenance responsibilities for the owner.​

Clinton, South Carolina, is part of the Greenville-Spartanburg-Anderson metropolitan area, benefitting from the region’s economic stability and growth while maintaining an affordable cost of living.​ The local economy is bolstered by industries such as manufacturing, healthcare, and retail, supporting a consistent demand for workforce housing.​ As affordability challenges drive more residents toward mobile home communities, Clinton MHP is well-positioned to meet this growing demand with stable occupancy and the potential to improve revenue.​

Investment Highlights

  • Diverse Revenue Streams: Generates income from multiple tenant types offering a balanced income profile and mitigates risk by appealing to a variety of tenant needs.

  • Value-Add Opportunity: Filling vacant spaces could enhance cash flow and occupancy rates while adding value to the overall investment.

  • Growing Demand in Affordable Housing: Clinton, SC benefits from proximity to the Greenville Spartanburg-Anderson metro area, which is experiencing economic and population growth.

Valuation Calculator

Valuation Calculator

Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$57,278.00
$4,773.17/mo

Valuation Metrics

0
DSCR
7.03%
Cap Rate
7.03%
ROI

Due Diligence

Due diligence information will be provided.
Please reach out to the listing contacts for details.

Contact

Listing Contacts

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Broker Name
Ben Yelm
Broker License
SC 86628
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