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107 Diamond Lane

Spartanburg, SC 29301
  • $1,250,000
  • STATUS: Active
  • ON SITE: 124 Days
  • ID#: 282756
UPDATED: 10 min ago
$1,250,000
  • 0
    BEDS
  • 18.22
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1995
County:
Area:

School Information

Elementary School:
Middle School:
High School:
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 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 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 Brad Liles & Associates with Keller Williams. Data last updated: 2021-11-30T13:56:32.433.
www.bradlilesandassociates.com/homes/119804076
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107 Diamond Lane Spartanburg, SC 29301

  • Price: $1,250,000
  • Status: Active
  • On Site: 124 Days
  • Updated: 10 min ago
  • ID#: 282756
0
Beds
0
Baths
0
½ Baths
18.22
Acres
1995
Built
Neighborhood:
Fairforest
County:
Spartanburg, Sc
Area:
Fairforest
Elementary School:
6-Fair Forest
Middle School:
6-Fair Forest
High School:
6-Dorman High
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 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 Vinyl Siding Parking Spaces Two SpacesThree SpacesPaved Driveway Roof Composition ShingleOther/See Remarks Stories One

Interior Features

Cooling System Central Forced Heating System Forced Warm Air

Property Features

2 Bedroom Units 2 3 Bedroom Units 11 Age 21-30 For Sale Or Rent For Sale In City No Multifamily Type Other Sewer Public SewerSeptic Tank Tax Year 2020 Taxes 2000 Water Public Water Water Heater Electric

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 Brad Liles & Associates with Keller Williams. Data last updated: 2021-11-30T13:56:32.433.
 
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Brad Liles & Associates with Keller Williams
1707 John B White Sr Blvd
Spartanburg SC, 29301