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107 Diamond Lane

Spartanburg, SC 29316
  • $1,250,000
  • STATUS: Active
  • ON SITE: 85 Days
  • ID#: 1450512
UPDATED: 38 min ago
$1,250,000
  • 0
    BEDS
  • 18.22
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1995
County:
Area:
033

School Information

Elementary School:
Middle School:
High School:
Offered by Donna Morrow of Coldwell Banker Caine Real Est

Description

Investors Dream! This mobile home park is the perfect income-producing property. Located on 18.22 acres, in the heart of the westside 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. The owner had an original plan with full county approval for 22 lots, these lots being one-third of an acre each. Only 12 of these lots have been currently developed. The remaining 10 lots 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 Greater Greenville Association of Realtors Multiple Listing Service. All rights reserved. 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 Parker Group. Data last updated 2021-10-22T20:01:08.073.
www.parkergroupsales.com/homes/119804240
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107 Diamond Lane Spartanburg, SC 29316

  • Price: $1,250,000
  • Status: Active
  • Updated: 38 min ago
  • ID#: 1450512
0
Beds
0
Baths
0
½ Baths
18.22
Acres
1995
Built
Neighborhood:
Other
County:
Spartanburg
Area:
033
Elementary School:
Fairforest
Middle School:
Fairforest
High School:
Dorman
Property Description
Investors Dream! This mobile home park is the perfect income-producing property. Located on 18.22 acres, in the heart of the westside 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. The owner had an original plan with full county approval for 22 lots, these lots being one-third of an acre each. Only 12 of these lots have been currently developed. The remaining 10 lots 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 Finish Vinyl Siding Foundation Crawl Space Parking Per Unit Three SpacesTwo Spaces Roof Composition ShingleOther Stories 1

Interior Features

Cooling System Central Forced Heating System Forced Air Unit1 Features Porch-Front Unit2 Features Porch-FrontCarpet FloorVinyl FloorCook Top-Electric Unit3 Features Porch-FrontCarpet FloorVinyl FloorCook Top-Electric Unit4 Features Porch-Front Water Heater Electric

Property Features

Amenities Include Lawn MaintenanceLights Approx Age 21-30 Auction YN No Docs On File Survey Foreclosure YN No Garbage Pickup Private Hoa YN No Lake Property No Multifamily Type Other Separate Utility Meters Water Sewer Public AvailableSeptic Short Sale YN No Special Finances Owner May Finance Water Public

Listing information © 2021 Greater Greenville Association of Realtors MLS
Listing provided courtesy of Donna Morrow of Coldwell Banker Caine Real Est.


© 2021 Greater Greenville Association of Realtors Multiple Listing Service. All rights reserved. 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 Parker Group. Data last updated 2021-10-22T20:01:08.073.
 
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Parker Group
147 Welborn Street, Suite A2
Greenville SC, 29601
Offered by Donna Morrow of Coldwell Banker Caine Real Est