Gresham Land for Sale
Freedom Commercial is pleased to present Oakridge Mobile Home Park, a ±6.57-acre, 19-lot manufactured housing community in Gresham, South Carolina, offered at $475,000. The park is being sold free and clear of any debt, giving a buyer full flexibility on financing structure and a clean path to a roughly 10.62% in-place cap rate on $51,240 of net operating income.
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