3237 Highway 92 - Manufactured Housing/Mobile Housing FOR SALE


Gray Court, SC 29645
$2,200,000 USD
864-365-3912
3237 Highway 92, Gray Court, SC for Sale
$2,200,000 USD
Manufactured Housing/Mobile Housing - FOR SALE
1/22
null | Request Cap Rate

3237 Highway 92
Gray Court, SC 29645


HIGHLIGHTS

  • Unparalleled investment opportunity in Gray Court, SC: Portfolio of 24 mobile homes and 25 lots with potential for expansion or add mobile homes.
  • Great proximity to the major SC employment hubs of Greenville (30 miles) and Spartanburg (40 miles).
  • Easy access to I-385 and I-26 offers convenience for commuters and excellent marketability for renters.
  • Gray Court experiences steady population growth thanks to its affordability and accessibility, as well as a growing demand for affordable housing.

OVERVIEW

We are pleased to present an exceptional investment opportunity in Gray Court, South Carolina, comprising 24 mobile homes over 25 lots with no restrictions. This portfolio offers a rare chance to acquire both the land and the homes, (21 single-wide and 3 double-wide homes), providing an investor with the benefits of property ownership and long-term revenue potential. With minimal vacancy rates and a strong, stable rental income stream, supported by a professional management company that has expertly maintained the property for over a decade. this portfolio is an ideal addition to any real estate investment strategy. Situated in the rapidly growing Upstate region of South Carolina, Gray Court offers an attractive environment for renters due to its proximity to larger cities, affordable living costs, and a burgeoning local economy. Gray Court is part of Laurens County, which has seen steady population growth in recent years, driven by its affordable housing market and proximity to Greenville-Spartanburg—one of the fastest-growing metro areas in South Carolina. The property is located just off major highways, offering convenient access to I-385 and I-26, making it an ideal choice for commuters working in nearby cities like Greenville (approximately 30 miles north) and Spartanburg (40 miles northeast). Gray Court benefits from its proximity to the region’s manufacturing and logistics hubs, with industries such as automotive manufacturing, distribution, and healthcare contributing to local job growth. The expanding industrial base supports a steady demand for affordable housing options in the area. This 24-unit mobile home portfolio offers an unparalleled investment opportunity in an emerging market with strong demand for affordable housing. With steady cash flow, minimal vacancy, and the ability to own both the land and homes, this portfolio is positioned for strong long-term returns.

FOR SALE DETAILS

PRICE

$2,200,000 USD

PRICE/SF

$87 USD /SF

# OF UNITS

24

PRICE/UNIT

$91,667

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Manufactured Housing/Mobile Housing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1997

PARKING SPACES

-

LAND DETAILS

LAND ACRES

26.01 AC

LAND SF

1,132,996 SF

ZONING

Unzoned

APN/PARCEL ID

316-00-00-079,316-00-00-079.001

ASK ABOUT THIS PROPERTY

Talia GilaReal Broker LLCMore Info
864-365-3912

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Talia GilaReal Broker LLCMore Info
864-365-3912

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.