Bamberg, SC 29003,0 Salty Lane
Bamberg, SC 29003,0 Salty Lane
Bamberg, SC 29003,0 Salty Lane
$93,000
Est. payment /mo
$93,000
Est.Price: ?

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SOLD DATE : 11/04/2022

Key Details

Sold Price $93,000

Property Type Commercial

Sub Type Multi Family

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 30815744

Sold Date 11/04/22

Year Built 1980

Property Description

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 (appx .5 acre) lots. 6 lots are cleared set up. There are currently 5 mobile homes in place (tenants own the homes and rent the land). This property is nice and clean! 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 *Similar lots in the area comp at $200 - $225 per lot per month, so rent could definitely be adjusted! Renting all 8 lots at Fair current fair market would be an $1,575 per month income!! Putting this investment at an over 22% CAP RATE!! A fantastic ROI. Dirt roads are maintained by the county! Water source is public! Split lots in half and double lots doubling income? Place some of your own mobile homes? Great opportunity, go check it out! LIST AGENT IS RELATED TO SELLER

Location

State SC

County Bamberg

Building

Sewer Septic Tank

Others

Acceptable Financing Cash

Listing Terms Cash

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Listed by Terri Cole • Cole & Associates Inc.

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Greg Boger

+1(843) 277-5845

Broker | License ID: 30273

Broker License ID: 30273

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