Orangeburg, SC 29115
- N/ABeds
- N/AFull Baths
- N/AHalf Baths
- 1SqFt
- 1958Year Built
- 8.58Acres
- MLS# 20010071
- Multi Family
- Sold
- Approx Time on Market3 months, 29 days
- AreaOrangeburg County
- CountyOrangeburg
- SubdivisionNone
Overview
This was once a thriving park of 40 homes. The same owner has had it since the 60's. After 50 years she can no longer maintain it and the children do not want anything to do with the park. She has not been able to keep up with the property or the tenants in many years. We are selling this property as an infrastructure ready for improvement. There are still around 10 active tenants paying $100/month lot rent only, half of market value. She does not keep records and no financials are available.What we are selling is 42 potential total lots on 2 streets. Seller says there is enough individual city water meters for 40 on Laquinta and 2 more on Hodson Dr. To her best knowledge there are 26 septic systems on Laquinta and 2 more on Hodson. Septic systems are grandfathered in at 2 homes peper system but many need repair. DHEC says some system repairs may require they are brought to current code which is 1 home per septic tank. Normal service and maintenance will not affect the grandfathered clause. All tanks are believed to require some sort of service. We are offering the lower amount of 35 lots due to the potential of losing some from repairs needed to the septic systems. Owner is not aware of any current plans for sewage. This park will need work, there are some old abandoned trailers on the property that the seller does not hold title to, and some clean up will be needed. Park is priced accordingly at $7k per estimated spaces. Nearby park that needed some improvement at 55% occupancy recently sold for $13k per lot. Not in a flood zone and very close to Orangeburg. This is an excellently placed property just outside of town and close to 26. Tons of employment opportunities. City water and power already run so development not out the range of possibilities either. Potential buyers are free to drive by but please do not bother tenants or engage with them. Property starts at 301 and ends near orange fire hydrant. Hodson property is 1140 TMS 01830011010
Sale Info
Listing Date: 04-14-2020
Sold Date: 08-13-2020
Aprox Days on Market: 
3 month(s), 29 day(s)
Listing Sold: 
3 Year(s), 8 month(s), 5 day(s) ago
Original Asking Price: $250,000
Asking Price: $250,000
Selling Price: $160,000
Price Difference From Original:
Reduced By $90,000
Price Difference From Asking:
Reduced By $90,000
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: 1958
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: 8.58
Lot Size Units: Acres
Acres: 8.58
Lot Sqft: 373744.8
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: 2020-08-13T00:00:00
Lease Renewal Option: Yes
Lease Considered: Yes
Lease Assignable: Yes
Sqft Info
Sqft: 1
Unit Info
Number of Units Total: 35
Utilities / Hvac
Water Source: Public
Heating: No
Water Sewer: Septic Tank
Cooling: No
Waterfront / Water
Waterfront: No
Directions
From I-26 Take 301 Towards Orangeburg. Laquinta On The Left. Property Goes From 301 Along Right Side Until A Brightly Painted Fire HydrantCourtesy of listing office Brand Name Real Estate