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