1075 Broad st - Manufactured Housing/Mobile Housing FOR SALE


Clinton, SC 29325
$695,000 USD
910-986-1767
1075 Broad st, Clinton, SC for Sale
$695,000 USD
Manufactured Housing/Mobile Housing - FOR SALE
1/3
null | 9.77% Cap Rate

1075 Broad st
Clinton, SC 29325


HIGHLIGHTS

  • TOH-Heavy Composition: 16 of 17 pads are tenant-owned homes (TOH), minimizing owner liability, capex exposure, and operational burden.
  • Tenant-Paid Electricity: Electricity is billed directly to residents, removing utility expense volatility from the owner’s operating statement.
  • City Water & Sewer: Connected to municipal water and sewer, eliminating private well and septic maintenance and capital risk.
  • Greenville MSA Location: Located in the Greenville-Anderson-Greer MSA, the Upstate’s leading growth market.
  • Affordable Housing Demand: Persistent affordability pressure across the Upstate continues to drive workforce renters.

OVERVIEW

Marcus & Millichap is pleased to present Clinton MHP, a 17-pad manufactured housing community located in Clinton, South Carolina. The community consists of 16 tenant-owned homes (TOH) and one park-owned home (POH), offering a buyer the operational efficiency of a TOH-heavy park with the incremental income contribution of a single rental unit. The property benefits from a tenant-friendly utility structure, with electricity billed directly to residents and water and sewer service provided by the city. This configuration removes utility expense volatility from the owner’s operating statement, eliminates private well and septic capital risk, and materially reduces ongoing maintenance responsibilities relative to private-utility parks. Clinton MHP presents a light value-add opportunity through pad lease-up, allowing a new owner to drive NOI growth with limited incremental operating cost given the existing infrastructure. The combination of a TOH-heavy composition, tenant-paid utilities, and municipal services makes this an institutional-quality small-park acquisition with a manageable operational footprint. Clinton is part of the Greenville-Anderson-Greer MSA, the Upstate’s leading growth market, which is projected to surpass one million residents by 2027. The local Laurens County economy is anchored by major employers including CeramTec, Shaw Industries, Sterilite, National Healthcare, and Presbyterian College, supporting consistent workforce housing demand. As affordability pressure continues to drive renters toward manufactured housing communities, Clinton MHP is well-positioned to capture sustained demand.

FOR SALE DETAILS

PRICE

$695,000 USD

PRICE/SF

$1 USD /SF

# OF UNITS

17

PRICE/UNIT

$40,882

CAP RATE

9.77%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Clinton MHP

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Manufactured Housing/Mobile Housing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1980

PARKING SPACES

-

LAND DETAILS

LAND ACRES

13.94 AC

LAND SF

607,226 SF

ZONING

Multi-Family

APN/PARCEL ID

614-00-00-004,901-11-02-017,901-33-01-005

ASK ABOUT THIS PROPERTY

Ryan LipomiMarcus & MillichapMore Info
910-986-1767

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Ryan LipomiMarcus & MillichapMore Info
910-986-1767

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