5 Cedar Avenue is being offered for sale at $2,250,000, or approximately $86,207 per space, for a fully operational 26-lot mobile home park on ±2.97 acres across two adjoining parcels (TMS #0399000104400 and #0399000104700) in Greenville, SC.
All units are park-owned with current lot rents ranging from $625 to $950 per month. A detailed rent roll is available upon request.
Utilities are separately metered where possible; the site has three water meters, and electric and internet service are individually metered to each home.
Location-wise, the property sits centrally in Greenville County with easy access to major employment and retail corridors: roughly 10 minutes to the Augusta Road Shopping District, 10-15 minutes to Prisma Health Greenville Memorial Hospital, 15 minutes to Downtown Greenville/Main Street, Fluor Field and the West End, and the I-85/I-385 interchange, 15-20 minutes to the Woodruff Road retail corridor, and about 25 minutes to Greenville-Spartanburg International Airport (GSP).
Greenville County continues to show strong fundamentals for workforce and affordable housing: median household income of $76,932, median gross rent of $1,262/month, a 68.9% homeownership rate, and a tight 7% rental vacancy rate. Mobile homes make up 8.7% of county housing stock, underscoring continued demand for this asset class in a market where entry-level housing options remain limited.
This is an opportunity for an investor to acquire a stabilized, income-producing manufactured housing community with room to add value through lot rent increases, converting park-owned homes to tenant-owned status, and continued operational efficiencies.
All interested parties should conduct their own due diligence. Freedom Commercial has not independently verified square footage, environmental conditions, or code compliance, and makes no warranty as to the accuracy of the information provided. Please contact the listing team for financials, rent roll, and showing instructions.