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$ 349,000
Est. payment | /mo
10 Beds
5 Baths
3,080 SqFt
$ 349,000
Est. payment | /mo
10 Beds
5 Baths
3,080 SqFt
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,080 sqft
Price per Sqft $113
Subdivision Ridgecrest (Ai)
MLS Listing ID 555448
Bedrooms 10
Full Baths 5
Year Built 1984
Lot Size 1.220 Acres
Acres 1.22
Lot Dimensions 280x192x315x165
Property Sub-Type Multi Family
Source REALTORS® of Greater Augusta
Property Description
Turnkey mobile home park investment opportunity in Aiken featuring 7 total lots across two parcels. The property includes 5 occupied, income-producing homes and 2 vacant lots. The asset is stabilized with consistent occupancy and a reliable tenant base, including several long-term residents with 10-15+ years of tenancy. The income profile is split between traditional rentals and a rent-to-own structure. Four units operate under standard lease agreements, generating strong in-place income with typical owner maintenance responsibilities. One unit is structured as a rent-to-own (RTO), providing stable payments while the tenant maintains responsibility for the home; upon payoff, this converts to consistent, low-maintenance lot rent, further strengthening long-term cash flow stability. The 7-lot package consists primarily of 1984 - 1985 model single-wide homes, each configured as 2-bedroom, 1-bath units. This creates a uniform housing profile across the asset, offering consistent rental performance and streamlined maintenance due to similar construction and layout characteristics. Infrastructure is already in place (buyer to verify), including a master water meter with distribution lines servicing all lots, on-site electrical connections, and septic systems across developed pads. A smart water monitoring system with real-time leak detection is installed, helping mitigate utility loss and protect net operating income. There are two vacant lots available. One lot (7A) had a mobile home in place less than a year ago, and existing infrastructure is believed to be in place; however, buyers should anticipate standard lot preparation and verify condition and functionality during due diligence. The property benefits from strong underlying land value, supported by existing utilities, established layout, and long-term residential use. Property is offered as-is, where-is, with value driven by land, infrastructure, and in-place income, plus upside through expansion and operational improvements. Please do not disturb tenants. No interior showings or tours of occupied or RTO units will be conducted prior to an accepted offer in order to respect tenant privacy and maintain normal operations. Once a contract is in place, buyer receives a 3-5 day site evaluation period (no earnest money required during this time), followed by a 12-14 day due diligence period after earnest money deposit.
Location
State SC
County Aiken
Community Ridgecrest (Ai)
Area Aiken (1Ai)
Direction LAURENS ST NORTH (HWY 19) RIGHT ON REYNOLDS POND RD. FIRST PROPERTY ON RIGHT CORNER OF RIDGECREST AND REYNOLDS POND.
Building
New Construction No
Schools
Elementary Schools J. D. Lever
Middle Schools Schofield
High Schools Aiken High School
Others
Tax ID 1190514001
Listed by Coldwell Banker- Best Life Realty
NEARBY SCHOOLS & PROPERTIES
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