Homes for sale - 3237 Highway 92, Gray Court, SC 29645

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Michael Skillin

mikeskillin@gmail.com +1(864) 325-9503

$2,200,000

Est. payment - /mo

26 Acres Lot

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UPDATED:

12/09/2024 02:28 AM

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

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Listed by REAL GVL/REAL BROKER, LLC

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Michael Skillin

+1(864) 325-9503

Broker Associate | License ID: 39180

Broker Associate License ID: 39180

3237 Highway 92 Gray Court, SC 29645

Michael Skillin

Key Details

Location

Interior

Exterior

Building

Schools

Others

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