131 Bolin Road, Blacksburg, SC, 29702 - Available for Sale

Multifamily For Sale

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Open Air Mobile Home Park

131 Bolin Road, Blacksburg, SC 29702

$1,595,000

92 Spaces | Multifamily

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Open-Air Mobile Home Park

Multifamily Property For Sale - In Contract

Price:
$1,595,000
No. Spaces:
92
Price/Space:
$17,336.96
Property Type:
Multifamily
Property Sub-type:
Mobile Home/ RV Community
Property Use Type:
Investment
Commission Split:
3%
Cap Rate:
15%
Gross Rent Multiplier:
4.40
Year Built:
2001
Lot Size:
97 AC
APN / Parcel ID:
1330000011000, 1330000044000
Listing ID
18250076
Last Updated
15 days ago

Find Out More...

Highlights

  • Owner Finacing Long Term to Qualified Buyer
  • 3,700,000 people within 30 minutes drive time
  • Heavy employment within 30 minutes drive time North and South of park
  • Ideal size for Investor
  • Management in place and will stay with new owner
  • 35 acres of undeveloped land to expand

Description

OWNER FINANCING LONG TERM !!!! Open-Air Mobile Home Park is an 92 lot park on 98+/- acres. Phase 1 has 58 lots and is all paved roads. 31 lot Phase 2 was built in 2001 and the roads are gravel. Phase 1 has a master water meter from the town of Blacksburg and Phase 2 each lot is metered for water from the town. Lots have individual septic systems. There are 31 lot renters, 52 park owned homes & 9 vacant lots ready for a home. The Park is well maintained by the ownership. Same ownership since built. Owner lives in Charlotte and is retiring and will finance park long term to an acceptable buyer. There is 35 acres of undeveloped land for expansion.

Open-Air MHP is located off of I-85 just in South Carolina, South of the Charlotte-Gastonia NC MSA (Largest in NC) and just North of the Greenville-Spartanburg, SC MSA (Largest in SC). A combined 3,700,000+ population. Charlotte's Douglas International Airport is 30 minutes North on I-85. Charlotte is 2nd only to Chicago in Distribution. Big employment opportunities 30 minutes North and South of Open-Air MHP. Only 3 miles to the peaceful little village of Blacksburg and all shopping needs. Call me Bill Carter at 704-450-9999

Financial Summary

Space Mix Information

Debt & Equity Information

  • Proforma
  • 2014
  • $363,400
  • $127,200
  • $236,210

Map of 131 Bolin Road, Blacksburg, SC 29702 (Cherokee County)

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Presented by The Carter Land Company, Inc.
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Asking Price Index Trends for Blacksburg, SC Multifamily For Sale

  Jun 14 vs. 3 mo.
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Created 7/5/2013
Open Air Mobile Home Park
  • Multifamily
  • $1,595,000
  • 92 Spaces