Active

3237 Highway 92

Gray Court SC, 29645

$2,200,000


Active

Multi-family

Built in 2000

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.

1543421

MLS ID

December 8, 2024

Listed

December 8, 2024

Updated

Map

3237 Highway 92
Gray Court SC, 29645

Interior Features

Total Stories

1


Appliances

Unit 1: Oven-Electric, Unit 2: Refrigerator, Oven-Electric, Unit 3: Oven-Electric, Unit 4: Refrigerator, Oven-Electric, Electric Water Heater


Floor Description

Unit 1: Laminate Flooring, Vinyl Floor, Oven-Electric, Unit 4: Refrigerator, Carpet Floor, Vinyl Floor, Oven-Electric


Fireplace

No


Cooling

Yes


Cooling Description

Electric


Heating

Yes


Heating Description

Electric

Exterior/Building Features

Lot Size

26 Acres


Roof

Composition


Sewer

Septic Tank

School Information

High School

Laurens Dist 55


Elementary School

Gray Court - Owings

Other Property Details

Area Name

034


Taxes

$13,900


Tax Frequency

Annually


Garage

No


Parking

Other


View

No


County

Laurens


Water Source

Public, Well


Pool

No

Listed by Talia Gila, REAL GVL/REAL BROKER, LLC, 864-214-1811 

Listing data is derived in whole or in part from the Greater Greenville Association of REALTORS® and is for consumers' personal, noncommercial use only. Greater Greenville Association of REALTORS®. All Rights Reserved. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor Kiersten Bell shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

©2024 Greater Greenville Association of REALTORS®. All rights reserved. 

Data last updated 10:10 PM UTC, 12/8/2024

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