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Gray Court,SC 29645
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1543421
HOA Y/N no
Year Built 2000
Annual Tax Amount $13,900
Lot Size 26.000 Acres
Property Description
We are pleased to present an exceptional investment opportunity in Gray Court, South Carolina, comprising 24 mobile homes over 25 lots with no restrictions. This portfolio offers a rare chance to acquire both the land and the homes, (21 single-wide and 3 double-wide homes), providing an investor with the benefits of property ownership and long-term revenue potential. With minimal vacancy rates and a strong, stable rental income stream, supported by a professional management company that has expertly maintained the property for over a decade. this portfolio is an ideal addition to any real estate investment strategy. Situated in the rapidly growing Upstate region of South Carolina, Gray Court offers an attractive environment for renters due to its proximity to larger cities, affordable living costs, and a burgeoning local economy. Gray Court is part of Laurens County, which has seen steady population growth in recent years, driven by its affordable housing market and proximity to Greenville-Spartanburg—one of the fastest-growing metro areas in South Carolina. The property is located just off major highways, offering convenient access to I-385 and I-26, making it an ideal choice for commuters working in nearby cities like Greenville (approximately 30 miles north) and Spartanburg (40 miles northeast). Gray Court benefits from its proximity to the region’s manufacturing and logistics hubs, with industries such as automotive manufacturing, distribution, and healthcare contributing to local job growth. The expanding industrial base supports a steady demand for affordable housing options in the area. This 24-unit mobile home portfolio offers an unparalleled investment opportunity in an emerging market with strong demand for affordable housing. With steady cash flow, minimal vacancy, and the ability to own both the land and homes, this portfolio is positioned for strong long-term returns.
Location
State SC
County Laurens
Area 034
Interior
Heating Electric
Cooling Electric
Flooring Unit 1: Laminate Flooring,Vinyl Floor,Oven-Electric,Unit 4: Refrigerator,Carpet Floor,Vinyl Floor,Oven-Electric
Fireplace No
Appliance Unit 1: Oven-Electric,Unit 2: Refrigerator,Oven-Electric,Unit 3: Oven-Electric,Unit 4: Refrigerator,Oven-Electric,Electric Water Heater
Exterior
Parking Features Other
Community Features None
Roof Type Composition
Building
Story 1
Foundation Crawl Space
Sewer Septic Tank
Water Public,Well
Schools
Elementary Schools Gray Court - Owings
Middle Schools Gray Court-Owings
High Schools Laurens Dist 55
Others
Acceptable Financing None
Listing Terms None