107 Diamond Lane, Spartanburg, SC 29316
- $1,250,000
- Sold Price
- $1,250,000
- List Price
- $1,250,000
- Closing Date
- Jul 31, 2023
- MLS
- 1450512
- Status
- CLOSED
- County
- Spartanburg
- Neighborhood
- Other
- Type
- Multifamily
- Year Built
- 1995
- Stories
- 1
Property Description
Investors Dream! This mobile home park is the perfect income-producing property. Located on 18.22 acres, in the heart of the westside of Spartanburg. This property features 13 mobile homes, seven of them are double wide, and the other six are single wide. Each property has its own septic tank and water tap. Property is on city water and public sewer has just become available for the whole property. Current development includes approximately 1,000 ft. of paved road, a 1,000 ft. of 8 in. water line, and electrical power. The owner had an original plan with full county approval for 22 lots, these lots being one-third of an acre each. Only 12 of these lots have been currently developed. The remaining 10 lots are ready for development now, without any further approvals by Spartanburg County. Recently, public sewer has become available, so that future owners can develop at their desired density. All 13 homes are currently rented and bring in approximately $100,000 yearly income. Owner may take 50% of purchase price on a mortgage, with a seven-year term. This property is located only a few miles from I-85 and I-26. The rental history will show that these homes are in high demand and very easy to rent.
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Additional Information
- Acres
- 18.22
- Amenities
- Street Lights, Lawn Maintenance
- Appliances
- Unit 2: Cook Top-Electric, Unit 3: Cook Top-Electric, Electric Water Heater
- Elementary School
- Fairforest
- Exterior
- Vinyl Siding
- Foundation
- Crawl Space
- Heating
- Forced Air
- High School
- Dorman
- Middle School
- Fairforest
- Region
- 033
- Roof
- Composition, Other
- Sewer
- Septic Tank
- Stories
- 1
- Subdivision
- Other
- Taxes
- $2,000
- Total Units
- 13
- Water
- Public
- Year Built
- 1995
Mortgage Calculator
Listing courtesy of Coldwell Banker Caine Real Est. Selling Office: Coldwell Banker Caine Real Est.
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