117 Tubbs Mountain Rd, Travelers Rest, SC 29690

$905,000 After Repair Value -
$905,000 Asking Price -
$0 Cost of Repairs =
$0 Potential Profit

Property Details

Asking Price $905,000

After Repair Value $905,000

Costs of Repairs $0

Potential Profit $0

Living Area N/A

Property Type Commercial Property

Bedrooms 0

Bathrooms 0

Half Bathrooms N/A

Parking 0

Listed with Agent 1

Property Description

15 Unit Mobile Home Park!! Plus 2 Homes for $905,000!!! 14.1% CCR and 77,652 NOI !!! 208 and 117 Tubbs Mountain Road, Travelers Rest, SC 29690 Purchase Price: $905,000 Cost per pad: $53,235 Building Class: C Location Class: C Investment Benefits ? NOI $77,652 ? 14.1% Cash on Cash Return ? 5 year ROI – 19.8% ? Turn Key Ready ? Large Equity ? 100% Fully Occuppied ? Even more possible value plays! Opportunity: HUGE EQUITY!!! Excellent opportunity for an investor to get on board with a stable property with possible value added by reducing expenses or increasing rents. New Buyer will be assigned the contract to close. This Property is offered for sale to qualified Buyers. Proof of funds is required with all offers. DRIVE BY ONLY. DO NOT DISTURB CURRENT TENANTS. Type # of Units Lots Rented 10 Trailer Rented 1 Trailer Leased 4 Homes Rented 2 Number of Units: 17 Style: Land and Homes Construction: Mobile Homes and Homes Current Occupancy: 100% Market Cap Rate: 8% Pro Forma Cap Rate: 8.6% Greenville County, SC. "Travelers Rest" is a booming area right now and is ripe for development. It's already zoned multi family residential and the City of TR wants more medium to high density development directly in this target area. The property includes a 1300 sq ft SF house with a basement on 3.336 acres gently sloping topography to the creek and hundreds of road frontage as well. This property also includes another house as well. Type # of Units Actual Rent Lot Rented 10 $276 Trailer Rented 1 $1,505 Trailers Leased 2 $725 Trailers Leased 2 $535 Homes Rented 2 $2,000 Subject Property Rent: Actual rents are provided in the Rent Roll. Income Pro-Forma Yearly Potential Income $129,420 Less Vacancy (10%) (12,942) Less Expenses (30%) (38,826) Net Operating Income $77,652 contact Jennifer at 850.684.4414


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