Current Use by Public Records
- Mobile home & RV parks
Property Details for 1075 Broad St
- Year built
- 1980
- Lot size
- 13.94 lot acres
- Property type
- Mobile home & RV parks
Description
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.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Clinton
- County
- Laurens
- State
- South Carolina
- Longitude
- -81.883
- Latitude
- 34.4885
