This Multifamily Property is Off-Market.

131 Bolin Road
Blacksburg, SC 29702 ·

92 Spaces · Multifamily For Sale

N/A

Print

Open Air Mobile Home Park

Price N/A Cap Rate 15%
No. Spaces 92 Gross Rent Multiplier 4.40
Property Type Multifamily Year Built 2001
Property Sub-type Mobile Home/RV Community Lot Size 97 AC
Property Use Type Investment APN / Parcel ID 1330000011000, 1330000044000
Commission Split 3%
Listing ID: 18250076 Date Created: 07/05/2013 Last Updated: 07/22/2014

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

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

Research

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

Property Record Data - Historical Listings, current tax, mortgage, owners & tenant info for this property

Blacksburg Market Trends - Asking price index trends, sale price trends, asking rent trends

The LoopNet service and information provided therein, while believed to be accurate, are provided "as is". LoopNet disclaims any and all representations, warranties, or guarantees of any kind.

I am a place holder, please don't judge me!!! (no, I judge you!)