727 Wilcox Ave - Multi-Family FOR SALE


Gaffney, SC 29341
$1,280,000 USD
864-569-2786
727 Wilcox Ave, Gaffney, SC for Sale
$1,280,000 USD
Multi-Family - FOR SALE
1/42

727 Wilcox Ave
Gaffney, SC 29341


HIGHLIGHTS

  • 20.7 acres +/-
  • Expandable or Redevelopment (buyer to verify with the county)
  • Brick home
  • 18 mobile homes (one double-wide)
  • Great location along Interstate 85
  • Below market rental rates providing affordable housing (No Section 8 tenants)

OVERVIEW

Discover an exceptional investment opportunity in the thriving Spartanburg, SC area. This property, boasting 19 rentable units and a 94.74% occupancy rate, offers the ideal blend of modern comfort and prime location. Situated on 20.7 expansive acres along Interstate 85, the property features a mix of 18 mobile homes and a charming brick home, providing a versatile and expandable investment potential (buyer to verify with the county). With its unzoned status and a strong foundation for growth, this property presents a compelling prospect for the astute mobile home park investor or developer seeking a promising addition to their portfolio. The property offers both expansion and redevelopment possibilities. NOTE: THE OWNER DOES NOT HAVE A TITLE FOR THE MOBILE HOME ON LOT 11. THERE WAS NO TITLE IN POSSESSION OF THE BANK FOR THIS ABANDONED MOBILE HOME WHEN THE MHP WAS ACQUIRED FROM THEM. SEE THE LETTER FROM THE BANK IN THE OFFERING MEMORANDUM.

FOR SALE DETAILS

PRICE

$1,280,000 USD

# OF UNITS

19

PRICE/UNIT

$67,368

CAP RATE

8.53%

% LEASED

95%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Wilcox Avenue MHP | 20.7 acres +/-

PROPERTY TYPE

Multi-Family

ADD'L SUBTYPES

Manufactured Housing/Mobile Housing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1983

PARKING SPACES

-

LAND DETAILS

LAND ACRES

20 AC

LAND SF

871,200 SF

ZONING

Unzoned

APN/PARCEL ID

098-00-00-004.001

ASK ABOUT THIS PROPERTY

Robert MosseXp CommercialMore Info
864-569-2786

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

Robert MosseXp CommercialMore Info
864-569-2786

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