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Cain Mobile Home Park 136 Cain Cir 9 Unit Mobile Home Park $599,000 ($66,556/Unit) 13.53% Cap Rate Spartanburg, SC 29303
INVESTMENT HIGHLIGHTS
- Super central location just off I-85 and I-26 which is convenient to a plethora of amenities.
- All 8 units are park owned, with the 9th pad waiting for a new unit to increase profitability.
- All public utilities, electricity, city water and city sewer billed directly to residents, reducing operational overhead & maintenance.
EXECUTIVE SUMMARY
5 Star Real Estate Pros is pleased to present Cain Circle MHP. Located just off I-85 and I-585, this mobile home park offers an amazing investment opportunity in Spartanburg, South Carolina. Cain Circle community offers 8 park-owned homes, and one additional pad for one additional home to be added. Utilities are tenant-friendly, with electricity, city water and city sewer billed directly to residents, reducing operational overhead and maintenance responsibilities for the owner. Spartanburg, South Carolina, presents a compelling case for those seeking a balance of affordability, opportunity, and quality of life. Coupled with a diverse and expanding job market encompassing manufacturing, healthcare, and logistics, Spartanburg offers promising career prospects. Beyond economics, the city fosters a family-friendly environment with ample parks, recreational activities, and a welcoming community. Its proximity to the Blue Ridge Mountains provides easy access to outdoor pursuits, while its convenient location near larger cities like Charlotte and Atlanta ensures residents enjoy both a small-town feel and access to big-city amenities.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $599,000 | Apartment Style | Single-Family Home |
| Price Per Unit | $66,556 | Building Class | C |
| Sale Type | Investment | Lot Size | 1.57 AC |
| Cap Rate | 13.53% | Building Size | 67,954 SF |
| No. Units | 9 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Manufactured Housing/Mobile Home | Year Built | 1995 |
| Zoning | 6RGC - There is currently no county zoning at this location, and the current use as mobile home park is in full compliance with Spartanburg County. | ||
| Price | $599,000 |
| Price Per Unit | $66,556 |
| Sale Type | Investment |
| Cap Rate | 13.53% |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Manufactured Housing/Mobile Home |
| Apartment Style | Single-Family Home |
| Building Class | C |
| Lot Size | 1.57 AC |
| Building Size | 67,954 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1995 |
| Zoning | 6RGC - There is currently no county zoning at this location, and the current use as mobile home park is in full compliance with Spartanburg County. |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+2 | 9 | $950.00 | - |
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Cain Mobile Home Park | 136 Cain Cir
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