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31459779
31459804

618 Parkland Place Rd, Greenwood, SC 29646

CO
FL SL3532613
Sunstone Real Estate Advisors - Orlando
EW
PA, FL FL BK3055134
Sunstone Real Estate Advisors
BC
FL SL3512067, FL SL3512067
Sunstone Real Estate Advisors - Orlando
Listed by Sunstone Real Estate Advisors - Orlando, Sunstone Real Estate Advisors
$6,500,000
76 days on market
Updated 16 days ago

Greenwood SC Portfolio

Details
Property Type Mobile Home Park
Sub Type N/A
Units 210
Acreage 61.600

Three-Park MH Portfolio in Greenwood, SC | 210 Sites

Marketing description

The Greenwood, SC Portfolio consists of three manufactured housing communities located throughout Greenwood County: Wilson Creek, Highland MHP, and Dunwoody North. Collectively, the portfolio totals 210 sites, with 90 resident-occupied homes, representing approximately 42.9% current occupancy and providing significant lease-up potential for a new owner.

The communities are located within the broader Greenwood market in Upstate South Carolina, an area supported by a diverse employment base including manufacturing, healthcare, education, and retail trade. The properties benefit from regional connectivity through major highways serving the Upstate region, allowing residents access to employment centers throughout the area while maintaining the affordability associated with smaller markets.

The portfolio includes 149 sites at Wilson Creek, 36 sites at Highland MHP, and 25 sites at Dunwoody North, all operating as all-ages communities with average lot rents of approximately $399 per month effective June 1st, 2026. Utilities are largely tenant direct-billed, including electric, water, sewer, and trash service in most cases, which helps reduce operating expense exposure for ownership.

With a substantial number of vacant sites across the three communities, the portfolio presents investors with the opportunity to implement an infill strategy, improve operations, and increase rental income over time. The combination of below-market rents, operational upside, and a growing regional economy positions the portfolio as a value-add manufactured housing investment opportunity within the Upstate South Carolina market.

Investment highlights

  • Value-Add Portfolio with Significant Infill Potential – The portfolio consists of 210 total sites with only 90 currently occupied, offering substantial upside through lease-up and operational improvements
  • The portfolio average lot rent is $399 (Effective June 1st, 2026), while the average lot rent for the 3 MHP communities in Greenwood is $445/M and the average 2/2 apartment is $1,183.
  • Tenant Direct-Billed Utilities – Electric, water, sewer, and trash services are largely billed directly to residents, minimizing landlord operating expenses
  • Strong Regional Employment Base – The Greenwood area is supported by manufacturing, healthcare, education, and regional employers that continue to drive demand for attainable housing
  • Opportunity to Improve Occupancy and Community Operations – Current occupancy levels provide investors the ability to implement professional management, infill vacant sites, and enhance overall community performance
  • City-maintained road infrastructure throughout Wilson Creek

Listing Contacts

CO
FL SL3532613
Sunstone Real Estate Advisors - Orlando
EW
PA, FL FL BK3055134
Sunstone Real Estate Advisors
BC
FL SL3512067, FL SL3512067
Sunstone Real Estate Advisors - Orlando
Listed by Sunstone Real Estate Advisors - Orlando, Sunstone Real Estate Advisors

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