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727 Wilcox Ave - Wilcox Avenue MHP | 20.7 acres +/- 19 Unit Apartment Building Offered at $1,786,778 CAD at a 8.53% Cap Rate Gaffney, SC 29341
INVESTMENT HIGHLIGHTS
- 20.7 acres +/-
- Brick home
- Great location along Interstate 85
- Expandable or Redevelopment (buyer to verify with the county)
- 18 mobile homes (one double-wide)
- Below market rental rates providing affordable housing (No Section 8 tenants)
EXECUTIVE SUMMARY
Discover an exceptional investment opportunity in the thriving Spartanburg, SC area. This property, boasting 19 rentable units and a 94.74% occupancy rate, offers the ideal blend of modern comfort and prime location. Situated on 20.7 expansive acres along Interstate 85, the property features a mix of 18 mobile homes and a charming brick home, providing a versatile and expandable investment potential (buyer to verify with the county). With its unzoned status and a strong foundation for growth, this property presents a compelling prospect for the astute mobile home park investor or developer seeking a promising addition to their portfolio. The property offers both expansion and redevelopment possibilities.
NOTE: THE OWNER DOES NOT HAVE A TITLE FOR THE MOBILE HOME ON LOT 11. THERE WAS NO TITLE IN POSSESSION OF THE BANK FOR THIS ABANDONED MOBILE HOME WHEN THE MHP WAS ACQUIRED FROM THEM. SEE THE LETTER FROM THE BANK IN THE OFFERING MEMORANDUM.
NOTE: THE OWNER DOES NOT HAVE A TITLE FOR THE MOBILE HOME ON LOT 11. THERE WAS NO TITLE IN POSSESSION OF THE BANK FOR THIS ABANDONED MOBILE HOME WHEN THE MHP WAS ACQUIRED FROM THEM. SEE THE LETTER FROM THE BANK IN THE OFFERING MEMORANDUM.
DATA ROOM Click Here to Access
PROPERTY FACTS
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Storage Space
- Heating
- Kitchen
- Tub/Shower
- Family Room
- Linen Closet
- Vinyl Flooring
SITE AMENITIES
- Individual Locking Bedrooms
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727 Wilcox Ave - Wilcox Avenue MHP | 20.7 acres +/-
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