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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

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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.

DATA ROOM Click Here to Access

PROPERTY FACTS

Price $1,786,778 CAD
Price Per Unit $94,041 CAD
Sale Type Investment
Cap Rate 8.53%
No. Units 19
Property Type
Multifamily
  • Multifamily Manufactured Housing Mobile Home Park
Lot Size 20.00 AC
Average Occupancy 95%
No. Stories 1
Year Built/Renovated 1983/2025
Zoning Unzoned - Unzoned

AMENITIES

UNIT AMENITIES

  • Air Conditioning
  • Cable Ready
  • Storage Space
  • Heating
  • Kitchen
  • Tub/Shower
  • Family Room
  • Linen Closet
  • Vinyl Flooring

SITE AMENITIES

  • Individual Locking Bedrooms
  • Listing ID: 37261618

  • Date on Market: 2025-08-13

  • Last Updated:

  • Address: 727 Wilcox Ave, Gaffney, SC 29341

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