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Westview Mobile Home Park

Mobile Home Park

Listing Contacts

Active

Asking Price: $415,000
Address 

304 Judith Ln, Spartanburg, SC 29301

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Date Added
Dec 20, 2024
Days on Market
91 days
Time Since Last Update
49 days

Details

Property TypeMobile Home Park
SubtypeMHP

Marketing Description

We are proud to present Westview Mobile Home Park for sale.​ Located in Spartanburg, SC, the park offers a compelling investment opportunity in a high-demand market.​ The park consists of 10 tenant-owned homes with lot rents ranging from $300 to $385 per month, and a median lot rent of $350 per month.​ The property is zoned for 15 pads, providing immediate upside potential for infill development and increased revenue.​

Situated on city water with septic tanks, the park is easy to manage and maintain, making it an attractive option for first-time investors or seasoned operators seeking a low-maintenance addition to their portfolio.​ The park’s location in Spartanburg, a thriving market along the I-85 corridor, offers access to strong employment drivers, a growing population, and consistent demand for affordable housing.​

Investment Highlights

Key investment highlights:

  • Current Occupancy: 10 pads fully leased with tenant-owned homes. Upside Potential: Space for 5 additional homes and opportunity to raise rents to market levels.

  • Stabilized Income: Dependable lot rent income with minimal management requirements.

  • Great Location: Spartanburg is a growing market with robust demand for affordable housing, making this an excellent opportunity for long-term value creation.

  • This property is ideal for an investor looking to capitalize on an easy-to-manage asset with built-in value-add potential. With the ability to increase rents and infill additional pads, the next owner can significantly boost revenue and overall park value.

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Due Diligence

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

Contact

Listing Contacts


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