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00 Andy Ct - Oakridge Mobile Home Park 6.57 Acres of Commercial Land Offered at $660,378 CAD in Gresham, SC 29546
Investment Highlights
- ±6.57 acres with dual road frontage
- Five units on active rent-to-own contracts
- Manufactured housing makes up 33% of Marion County's housing stock in a market with a tight ~5% rental vacancy rate
- 19 lots, blended income stream
- Costs limited to utilities, grounds, taxes, and light management; no pool, laundry, or elevator to service
Executive Summary
The community sits on three contiguous parcels (TMS 1590000095000, 1590000055000, and 1590000057000) at the corner of Highway 41 South and Oakridge Road, with frontage and access on both roads. The 19 lots are served by a mix of park-owned homes and tenant-owned homes on rented lots with only two lots vacant.
Operating expenses are straightforward and predictable: water, garbage, real estate taxes, lawn and grounds, insurance, repairs, electric, and a modest management allowance. There is no pool, laundry facility, or elevator, so there are no capital-intensive amenities to maintain or reserve against. The resulting expense ratio sits near 29%.
Manufactured homes make up approximately 33% of all housing stock in Marion County, so this is an established and locally proven housing type rather than a niche play. The county's rental vacancy rate is tight at roughly 5%, and median gross rent in the area runs near $651 per month, comfortably above the park's average lot and home rents.
This property is located approximately 30 minutes from Conway, 45 to 50 minutes from Myrtle Beach and the Grand Strand, and about 45 minutes from Florence, with its medical, retail, and interstate employment base. Interstate 95 is roughly 45 minutes away and Interstate 20 at Florence about 50 minutes, while Columbia is approximately 90 minutes west. Everyday amenities like fuel, a dollar store, dining, and the U.S. Post Office, are all within a few minutes of the entrance.
For additional information, to request the full offering package, or to schedule a tour, please contact:
Clay Davenport | Senior Associate, Freedom Commercial Real Estate
clay@freedomcommercialre.com | (864) 642-5772
Data Room Click Here to Access
Property Facts
| Price | $660,378 CAD | Property Subtype | Commercial |
| Sale Type | Investment or Owner User | Proposed Use | Manufactured Homes or Mobile Home Park |
| No. Lots | 1 | Total Lot Size | 6.57 AC |
| Property Type | Land |
| Price | $660,378 CAD |
| Sale Type | Investment or Owner User |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Manufactured Homes or Mobile Home Park |
| Total Lot Size | 6.57 AC |
1 Lot Available
Lot
| Price | $660,378 CAD | Lot Size | 6.57 AC |
| Price Per AC | $100,514.19 CAD |
| Price | $660,378 CAD |
| Price Per AC | $100,514.19 CAD |
| Lot Size | 6.57 AC |
±6.57-acre, 19-lot mobile home park at the corner of Hwy 41 & Oakridge Rd in Gresham (Marion County), SC. Dual road frontage, owned free and clear, mix of park-owned and tenant-owned homes.
Description
Oakridge Mobile Home Park is a ±6.57-acre manufactured housing community comprising 19 lots in Gresham, South Carolina, in the heart of Marion County. The park occupies the corner of Highway 41 South and Oakridge Road, with access from both roadways and visibility along a well-traveled state highway corridor. The community is comprised of three contiguous parcels and includes an internal road network serving the lots, along with shared site features including sheds and a dumpster enclosure. The 19 lots are improved with a combination of park-owned homes and tenant-owned homes on rented pads. Two lots are presently vacant and five of the occupied units are operating under active rent-to-own agreements. Water, garbage collection, and common-area electric carried as operating expenses. Grounds keeping, insurance, real estate taxes, routine repairs, and a light management allowance round out a lean and predictable expense structure. Because there are no amenity facilities such as a pool, clubhouse, laundry, or elevator, the park avoids the higher recurring maintenance and capital-reserve demands that accompany those features, contributing to an expense ratio of approximately 29%. Oakridge benefits from its location within an established manufactured-housing market. In Marion County, manufactured homes account for roughly one-third of the total housing stock. The surrounding rental market is tight, with a vacancy rate near 5%, and area median gross rent of approximately $651 per month sits above the park's typical rents. This property is located approximately 30 minutes from Conway and 45 to 50 minutes from Myrtle Beach/Grand Strand. Florence, a regional center for healthcare, retail, and logistics, is about 45 minutes away, with Interstate 95 roughly 45 minutes out and Interstate 20 at Florence approximately 50 minutes. The City of Marion is about 25 minutes away and Columbia is reachable in roughly 90 minutes. Day-to-day necessities are close at hand: fuel and a dollar store are within about two minutes of the entrance, local dining options and the U.S. Post Office are nearby with a Walmart Supercenter in Mullins is about 25 minutes away. Offered exclusively by Freedom Commercial Real Estate. For the full offering package, rent roll, and parcel detail, or to arrange a property tour, contact Clay Davenport, Senior Associate, at clay@freedomcommercialre.com or (864) 642-5772.
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00 Andy Ct - Oakridge Mobile Home Park
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