This property is in probate, sale is subject to court approval. This offering reflects an existing mobile home park operating for decades at near full occupancy. The majority of tenants have been vacated to allow for increasing pad rates to market, or for residential redevelopment. The property also includes two residential lots that cannot be used for mobile homes, but offer potential for residential development, or resale to recoup the initial investment in the park.The park is accessed via a gravel road through a 25' strip of land passing between the two lots that is under the same ownership. The lots can be sold separately, but their sale will be contingent upon a closed sale of the mobile home park. Each lot will be reduced in size slightly to increase the park access road to 50'.The park alone has potential value of $3,600,000 at market rates while the lots are priced at $550,000 each. The $4,100,000 list price was set by the court.The pads are individually metered for power; common water is provided by the owner. The site is currently served by on-site septic, redevelopment will require sewer from the Town of Mount Pleasant. All zoning, density, utilities, & school information must be verified by the buyer and buyer's agent.*Please note: Wando and Lucy Beckham high schools are under a phase-in structure through 2023 based on grade level. If high school location is vital, call the school district to verify.TMS#532-03-00-022, 030, 031 & 107
Listing Date: 03-01-2022
Sold Date: 06-16-2023
Aprox Days on Market: 
1 Year(s), 3 month(s), 14 day(s)
Listing Sold: 
9 month(s), 12 day(s) ago
Original Asking Price: $1
Asking Price: $4,100,000
Selling Price: $3,500,000
Price Difference From Original:
Increase $3,499,999
Price Difference From Asking:
Reduced By $600,000
Grazing Permits Forest Service: Yes
Grazing Permits Private: Yes
Grazing Permits Blm: Yes
Horse: No
Farm Credit Service Incl: Yes
Rent Control: No
Pool Private: No
Garage: No
Attached Garage: No
Fireplace: No
Lot Size: 4.00
Lot Desc: 2 - 5 Acres, Interior Lot
Lot Size Units: Acres
Acres: 4.00
Lot Sqft: 174240
Irrigation Water Rights: Yes
Mobile Home Remains: Yes
Property Type: C
New Construction: No
Building Area Units: Square Feet
View: No
Home Warranty: Yes
Habitable Residence: Yes
Sold Date: 2023-06-16T00:00:00
Lease Renewal Option: Yes
Lease Considered: Yes
Lease Assignable: Yes
Utilities: Electricity Connected, Water Connected
Heating: No
Cooling: No
Waterfront: No
Courtesy of listing office The Guerry Group, LLC