$250,000 | N/A beds | N/A full baths | N/A half baths | 1 sqft

$160,000
Laquinta Drive
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 Hydrant

Courtesy of listing office Brand Name Real Estate 

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On summervilledreamhomes.com since Tue, Apr 14th 2020
No Property History recorded for this listing.

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