1075 Broad St Clinton, SC 29325
25-Pad Mobile Home Park, High ROI
Property Features for 1075 Broad St
General Information
- Property type
- Multifamily properties
- Lot Size
- 607,226 SF
Building Details
- Year Built
- 1980
Listing Agency: Marcus & Millichap Charlotte Uptown Listing Agent: Nate Mcdaniel
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
This exceptional 25-pad mobile home park presents a compelling investment opportunity in Clinton, South Carolina. Located at 1075 N Broad St, Clinton, SC 29325, this 13.94-acre property boasts a diverse revenue stream, including lot rentals, rent-to-own options, and park-owned homes. Currently, the park comprises 10 lot rental pads, 9 rent-to-own units, 2 single-family homes, and 6 vacant lots and homes offering significant value-add potential. The property benefits from a tenant-friendly utility setup, with electricity billed directly to residents and city-provided water and sewer, minimizing operational expenses for the owner. Built in 1980, the park enjoys an 8.02% cap rate and a strong NOI of $57,278, reflecting its stable occupancy and consistent income generation. Situated within the Greenville-Spartanburg-Anderson metropolitan area, Clinton benefits from regional economic stability and growth, while maintaining an affordable cost of living. The local economy, driven by manufacturing, healthcare, and retail sectors, supports a consistent demand for affordable housing, making this mobile home park an attractive investment with potential for future revenue enhancement through increased occupancy. The asking price for this well-positioned property is $815,000.
Property Profile
Location Intelligence
Current Use by Public Records
Mobile home & RV ...
Location Insight
- Map
- Local Demand
- City
- Clinton
- County
- Laurens
- State
- South Carolina
- Longitude
- -81.8829681
- Latitude
- 34.4884857
Nearby Similar for Sale
FAQs
What type of property is this?
Multifamily property - 25-Pad Mobile Home Park, High ROI
Where is this multifamily property located?
The property is located at 1075 Broad St Clinton, SC.
What is the asking price?
The asking price for this property is $815,000.
What are key features of this property?
This property features: Multiple income streams from diverse tenant mix provide balanced cash flow and reduced risk.; Significant value-add potential through lease-up of vacant space.; Strong demand for affordable housing driven by Greenville-Spartanburg-Anderson metro area growth.
