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107 Diamond Lane

Spartanburg, SC 29301
  • $1,290,000
  • STATUS: Active
  • ON SITE: 285 days
  • ID#: 274398
UPDATED: 58 min ago
$1,290,000
  • 0
    BEDS
  • 18.22
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
County:
Area:

School Ratings & Info

School District:
6

Description

Investors Dream! This mobile home park is the perfect income-producing property. Located on 18.22 acres, in the heart of the west side of Spartanburg. This property features 13 mobile homes, seven of them are double wide, and the other six are single wide. Each property has its own septic tank and water tap. Property is on city water and public sewer has just become available for the whole property. Current development includes approximately 1,000 ft. of paved road, a 1,000 ft. of 8 in. water line, and electrical power. Owner had an original plan with full county approval for 22 plots, these plots being one-third of an acre each. Only 12 of these plots have been currently developed. The remaining 10 plots are ready for development now, without any further approvals by Spartanburg County. Recently, public sewer has become available, so that future owners can develop at their desired density. All 13 homes are currently rented and bring in approximately $100,000 yearly income. Owner may take 50% of purchase price on a mortgage, with a seven-year term. This property is located only a few miles from I-85 and I-26. The rental history will show that these homes are in high demand and very easy to rent.

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© 2021 Multiple Listing Service of Spartanburg, Inc. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from MLSS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Modern Real Estate Consultants. Data last updated: 2021-06-23T06:56:28.797.
www.welcomehomegreenville.com/homes/109888311
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107 Diamond Lane Spartanburg, SC 29301

  • Price: $1,290,000
  • Status: Active
  • Updated: 58 min ago
  • ID#: 274398
0
Beds
0
Baths
0
½ Baths
18.22
Acres
Neighborhood:
Spartanburg
County:
Spartanburg, Sc
Area:
Spartanburg
School District:
6
Property Description
Investors Dream! This mobile home park is the perfect income-producing property. Located on 18.22 acres, in the heart of the west side of Spartanburg. This property features 13 mobile homes, seven of them are double wide, and the other six are single wide. Each property has its own septic tank and water tap. Property is on city water and public sewer has just become available for the whole property. Current development includes approximately 1,000 ft. of paved road, a 1,000 ft. of 8 in. water line, and electrical power. Owner had an original plan with full county approval for 22 plots, these plots being one-third of an acre each. Only 12 of these plots have been currently developed. The remaining 10 plots are ready for development now, without any further approvals by Spartanburg County. Recently, public sewer has become available, so that future owners can develop at their desired density. All 13 homes are currently rented and bring in approximately $100,000 yearly income. Owner may take 50% of purchase price on a mortgage, with a seven-year term. This property is located only a few miles from I-85 and I-26. The rental history will show that these homes are in high demand and very easy to rent.
Exterior Features

Exterior Other/See Remarks Lot Description Cul-De-Sac/Dead End Roof Aluminum CoveringsComposition Shingle

Interior Features

Ceiling Height Eave < 12' Cooling System Heat PumpWindow Units Floors CarpetVinyl Heating System Forced Warm AirHeat Pump

Property Features

Age 21-30 Available For Lease No Business Type Other/See Remarks Commercial Type Other In City No Sale Or Rent For Sale Sewer Other/See RemarksSeptic Tank Tax Year 2019 Taxes 2000 Water Public Water

Listing information © 2021 Multiple Listing Service of Spartanburg, Inc.
Listing provided courtesy of Coldwell Banker Caine.



© 2021 Multiple Listing Service of Spartanburg, Inc. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from MLSS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Modern Real Estate Consultants. Data last updated: 2021-06-23T06:56:28.797.
 
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Modern Real Estate Consultants
408 N. Church Street, Suite A
Greenville SC, 29601