Viewing Listing MLS# 1593824

Oakridge Mobile Home Park is a 6.57-acre, 19-lot manufactured housing community at the corner of Highway 41 South and Oakridge Road in Gresham. The community spans three contiguous parcels with frontage and access on both Highway 41 and Oakridge Road. Income is generated through a mix of park-owned homes and tenant-owned homes on rented lots. Two lots are currently vacant and five units are operating under active rent-to-own contracts. Operating costs are lean and predictable: water, septic, garbage, real estate taxes, grounds, insurance, repairs, common-area electric, and a light management allowance. There is no pool, laundry, or elevator to maintain, contributing to an expense ratio near 29%. The park sits in an established manufactured-housing market, where this product type represents roughly one-third of the county's housing stock and rental vacancy is tight at about 5%. This property is located approximately 30 minutes to Conway, 45-50 minutes to Myrtle Beach and the Grand Strand, 45 minutes to Florence and Interstate 95, and 25 minutes to the City of Marion. Fuel, dining, a dollar store, and the post office are within minutes of the entrance. Financials, rent roll, and parcel detail available to qualified buyers upon request.