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    1075 Broad St Clinton, SC 29325

    Sponsored
    For Sale
    $815,000

    25-Pad Mobile Home Park, High ROI

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    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 Features for 1075 Broad St

    General Information

    Property type
    Multifamily properties
    Lot Size
    607,226 SF

    Building Details

    Year Built
    1980

    HighLights

    • 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.
    Property Profile Location Intelligence

    Current Use by Public Records

    Mobile home & RV ...

    Suggested Use

    Realty agency Law Firm Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Nail Salon Hotel & Motel Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Clinton
    County
    Laurens
    State
    South Carolina
    Longitude
    -81.8829681
    Latitude
    34.4884857

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    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.
    Request Owner's contact information
    1075 Broad St Clinton, SC 29325
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    Clinton, SC 29325
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1075 Broad St Clinton, SC 29325
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