Bamberg, SC 29003
- N/ABeds
- N/AFull Baths
- N/AHalf Baths
- N/ASqFt
- N/AYear Built
- 5.74Acres
- MLS# 22009152
- Vacant Land
- Sold
- Approx Time on Market6 months, 21 days
- AreaOut of Area
- CountyBamberg
- SubdivisionNone
Overview
Mobile Home lots up n running and looking for a new investor to add to their portfolio! This 5.74 acre tract consists of 7 lots. 6 lots are cleared set up. There are currently 5 mobile homes in place (tenants own the homes and rent the land). 1 lot is vacant right now and the 7th lot has not been cleared but has previously passed a Perk test! So, you could clear and get that lot in operation as well!Each lot has a private septic system in place. Current owner has owned since the 80's and has not raised rent in over a decade. He currently receives $140 lot rent per month = $980 (could be more if other 2 lots put to use!) Of course, the lot rent could be raised to current market values by new owner!Dirt roads are maintained by the county!Great opportunity, go check it outCurrent owner has owned since the 80's and has not raised rent in over a decade. He currently receives $140 lot rent per month = $980 *Similar lots in the area comp at $200 - $225 per lot per month, so rent could definitely be adjusted! Renting all lots at Fair current fair market would be an $1,575.00 per month income!! Putting this investment at an over 22% CAP RATE!! A fantastic ROI. Dirt roads are maintained by the county! Water supply is public! Great opportunity, go check it out!Lots are definitely oversized.. Possibly split them in half and make twice the lots? or more... LIST AGENT IS RELATED TO SELLER
Sale Info
Listing Date: 04-13-2022
Sold Date: 11-04-2022
Aprox Days on Market:
6 month(s), 21 day(s)
Listing Sold:
1 Year(s), 5 month(s), 14 day(s) ago
Original Asking Price: $100,000
Asking Price: $93,000
Selling Price: $93,000
Price Difference From Original:
Reduced By $7,000
Price Difference From Asking:
Same as Asking Price
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
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: 5.74
Lot Desc: 5 - 10 Acres
Lot Size Units: Acres
Acres: 5.74
Lot Sqft: 250034.4
Irrigation Water Rights: Yes
Offer Compensation
Other
Mobile Home Remains: Yes
Property Info
Property Type: C
Number of Lots: 8
New Construction: No
Building Area Units: Square Feet
View: No
Home Warranty: Yes
Habitable Residence: Yes
Sale / Lease Info
Sold Date: 2022-11-04T00:00:00
Lease Renewal Option: Yes
Lease Considered: Yes
Lease Assignable: Yes
Unit Info
Utilities / Hvac
Utilities: Electricity Connected
Heating: No
Water Sewer: Septic At Site
Cooling: No
Waterfront / Water
Waterfront: No
Directions
Turn By Dukes On 301, Go Straight Across And Down 2 Streets, And 2nd Rd On The Left. Go Down And Park Is Down There. Land Between Lazy And SaltyCourtesy of listing office Cole & Associates Inc.
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The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision.
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