107 Diamond Lane

Spartanburg, SC 29301 View Map $1,250,000 Schedule a Tour
Acres18.22
Year1995

Pless Properties

(864) 285-0525

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Status: Pending
Property Type:Multi-Family
MLS #:282756
On Site:501 Days
Lot Size:18.22 Acres
County:Spartanburg
Investors Dream! This mobile home park is the perfect income-producing property. Located on 18.22 acres, in the heart of the westside of Spartanburg. This property features 13 mobile homes, seven of them are double wide, and the other six are single wide. Each property has its own septic tank and water tap. Property is on city water and public sewer has just become available for the whole property. Current development includes approximately 1,000 ft. of paved road, a 1,000 ft. of 8 in. water line, and electrical power. The owner had an original plan with full county approval for 22 lots, these lots being one-third of an acre each. Only 12 of these lots have been currently developed. The remaining 10 lots are ready for development now, without any further approvals by Spartanburg County. Recently, public sewer has become available, so that future owners can develop at their desired density. All 13 homes are currently rented and bring in approximately $100,000 yearly income. Owner may take 50% of purchase price on a mortgage, with a seven-year term. This property is located only a few miles from I-85 and I-26. The rental history will show that these homes are in high demand and very easy to rent.

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$000 Monthly Payment
Loan and interest only.

Detailed Maps

Community Information

Address:107 Diamond Lane, Spartanburg, SC 29301
Area:Fairforest
County:Spartanburg
City:Spartanburg
Zip Code:29301

School Information

School:6
High School:6-Dorman High
Middle School:6-Fair Forest
Elementary School:6-Fair Forest

Architecture

Year Built:1995
Roof: Composition Shingle

Features / Amenities

Exterior: Vinyl Siding
Heating: Forced Warm Air
Cooling: Central Forced

Property Features

Lot Size: 18.22 Acres
Water: Public Water
Sewer: Public Sewer, Septic Tank
Utility Co Electric: Duke
Utility Co Public Water: SJWD
Directions:From Downtown Spartanburg head onto W Saint John St. Take S 262/Wofford St and State Rd S-42-78 to Diamond Ln in Fairforest. Turn left onto Diamond Ln. The destination is on the left.

Tax and Financial Info

Special Financing: $OwnerMayFinance

Schools

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107 Diamond Lane Spartanburg,  SC 29301
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107 Diamond Lane Spartanburg, SC 29301
 
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Listing Information Last Updated 2/5/2023
Listing provided courtesy of Coldwell Banker Caine Real Est.
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program. Real estate listings held by IDX Brokerage firms other than Pless Properties LLC are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo and detailed information about them includes the name of the listing IDX Brokers. This information is provided exclusively for personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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. Information deemed reliable but is not guaranteed.