1154 Edgewater Road, Pineville, SC, 29468 | $315,000

Income-Producing Mobile Home Park | 7. 8 Acres | FLEX-1 ZoningRare opportunity to acquire an established mobile home park with stable cash flow and future upside potential. Situated on approximately 7. 8 acres across two separate tax parcels, including TMS #0210001101 (1160 Edgewater), this FLEX-1 zoned property offers investors immediate income with room for future growth. The property currently consists of five tenant-owned homes (TOH) occupying leased lots and generating consistent pad rental income. The homes are owned by the tenants and are not included in the sale. In addition, the property includes a 2, 700-square-foot Quonset Hut with power, which is leased and provides additional income. This investment benefits from the reduced maintenance responsibilities commonly associaper pad, providing dependable cash flow from day one. Value-add investors will appreciate the presence of two additional existing septic systems that could support future mobile home placements, creating the potential to increase monthly revenue by approximately $900-$1, 000 per month with minimal infrastructure investment. Recent improvements include: New well installed in 2024 Road improvements throughout the property New mailbox installation Repairs and upgrades to the Quonset Hut Beyond the income potential, the property offers an attractive rural setting featuring a large stocked pond, mature wooded acreage, abundant wildlife, and frequent deer sightings. The combination of income-producing assets and usable land creates multiple paths for future growth and value enhancement. This property also presents a unique owner-occupant opportunity. A buyer could potentially reside on-site while allowing the existing rental income to offset a significant portion of their living expenses. Rent roll and financial information are available through the property manager upon request. Property is being sold strictly AS-IS. Seller is a licensed South Carolina Real Estate Agent

Features

  • Units: 1
  • Development: 75 - Cross, St.Stephen, Bonneau, Rural Berkeley Cty
  • Approx Sq. Feet: 0
  • Acreage: 7.8
  • Elem. School: Cross
  • Middle School: Cross
  • High School: Cross
  • MLS#: 26015920
  • Days on Market: 2 days
  • Website: https://www.raveis.com
    /prop/26015920/1154edgewaterroad_pineville_sc?source=qrflyer
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Listing courtesy of Southern Shores Real Estate Group

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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
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1154 Edgewater Road, Pineville, SC, 29468

$315,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

RVP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 917.838.7300

Melissa.Cohn@raveis.com

NMLS Mortgage Loan Originator ID 16953

5/6 (30 Yr)
Adjustable Rate Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $252,000 $252,000 $252,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.990% 6.490% 5.625%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.370% 6.628% 5.866%
Monthly Tax Payment N/A N/A N/A
H/O Insurance Payment $75 $75 $75
Initial Principal & Interest Pmt $1,509 $1,591 $2,076
Total Monthly Payment $1,584 $1,666 $2,151

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.