Walterboro, SC 29488
- N/ABeds
- N/AFull Baths
- N/AHalf Baths
- 13,000SqFt
- 1987Year Built
- 2.87Acres
- MLS# 21025312
- Multi Family
- Sold
- Approx Time on Market8 months, 10 days
- AreaColleton County
- CountyColleton
- SubdivisionNone
Overview
The property is a 10 pad park with 10 park owned homes and 1 apartment in Walterboro SC. Additionally, there are 2 vacant lots, subdivided, with TMS numbers, that could be sold off. All pads have homes on them, and are occupied. The park has gravel roads, city water, city sewer, and no common electric requirements. The park sits on approximately 1.45 acres and the 2 other lots are .48 acres, and .87 acres. All the homes are park owned, and pay lot rent with their home rent.This property offers a safe opportunity for cash flow and forced appreciation. The park is fully occupied, and market research shows limited available rentals in the price range.Their are a few opportunities that make this park attractive;-The park has city sewer and water, making expenses low and more attractive for bank financing -The park has been well maintained, and is in good shape-The park is under market rent, which is showing at least $650 for a comparable home-The park has 2 parcels of land that could be sold off, market analysis shows they are worth $10,000- $20,000 each-Current Average rents are $584-High Rent-$750-Low Rent-$496
Sale Info
Listing Date: 09-15-2021
Sold Date: 05-26-2022
Aprox Days on Market:
8 month(s), 10 day(s)
Listing Sold:
1 Year(s), 10 month(s), 30 day(s) ago
Original Asking Price: $395,000
Asking Price: $395,000
Selling Price: $390,000
Price Difference From Original:
Reduced By $5,000
Price Difference From Asking:
Reduced By $5,000
Agriculture / Farm
Grazing Permits Forest Service: Yes
Grazing Permits Private: Yes
Grazing Permits Blm: Yes
Horse: No
Farm Credit Service Incl: Yes
Association Fees / Info
Bathroom Info
Building Info
Year Built: 1987
Business Info
Rent Control: No
Buyer Compensation
Exterior Features
Pool Private: No
Garage / Parking
Garage: No
Attached Garage: No
Interior Features
Fireplace: No
Lot Info
Lot Size: 2.87
Lot Size Units: Acres
Acres: 2.87
Lot Sqft: 125017.2
Irrigation Water Rights: Yes
Offer Compensation
Other
Mobile Home Remains: Yes
Property Info
Property Type: B
New Construction: No
Building Area Units: Square Feet
View: No
Home Warranty: Yes
Habitable Residence: Yes
Structure Type: House, More than 4
Room Info
Sale / Lease Info
Sold Date: 2022-05-26T00:00:00
Lease Renewal Option: Yes
Lease Considered: Yes
Lease Assignable: Yes
Sqft Info
Sqft: 13000
Unit Info
Utilities / Hvac
Heating: No
Cooling: No
Waterfront / Water
Waterfront: No
Courtesy of listing office Live Oak Real Estate
Featured Lender
WHERE DREAMS ARE DEFINED.
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SONYA L. PITT, RMLO NMLS ID 182524
MLS# 17022372 
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