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MLS ID: 1559706
For Sale - $478,000

About this property

sq2 5599
Lot Size 1.6500 acres
DOM 23

Address

Address:
101 Mattie Street
City:
Gaffney
Zip Code:
29341
County:
Cherokee
State:
SC

Features and Amenities

Exterior
Other
Floors
Other
Laundry Features
None
Appliances
None
Community Features
None
Fireplace Features
None
Lot Features
1 - 2 Acres
Style
Mobile-No Foundation
Other
None, Other, None, None

Description

This 12-lot mobile home park in Cherokee County offers a 100% tenant-owned home (TOH) portfolio with zero vacancies, providing immediate cash flow stability. Lot rents average $300 for TOHs, while POHs generate $998 combined rents, contributing to a $3,900 monthly income. Expenses are projected at 25%, yielding a $35,100 NOI. Liberty’s population of 3,269 residents supports demand, and is centrally located between Easley and Clemson, SC. Situated on approximately 2.5 acres, the park benefits from public water service and sewer systems, contributing to the this park’s low maintenance profile. Occupancy and rent growth is supported by Gaffney’s stable workforce tied to textile manufacturing and proximity to larger municipalities, Greenville and Charlotte. This is an incredible investment opportunity in one of the most exciting asset classes in multifamily real estate.

Schools

Name Address Phone Type Grade
B. D. Lee Elementary 401 Overbrook Drive 8642066432 Public PK-5 SPED
Grassy Pond Elementary 1146 Boiling Springs Highway 8642066671 Public PK-5 SPED
Limestone-Central Elementary 727 Pacolet Highway 8642066620 Public PK-5 SPED
Luther L. Vaughan Elementary 192 Vaughan Road 8642066054 Public PK-5 SPED
Northwest Elementary 840 Green River Road 8642066727 Public PK-5 SPED
Name Address Phone Type Grade
Cherokee Adult Education 243 Allison Dr 8642066993 Public SPED
Name Address Phone Type Grade
Gaffney High 149 Twin Lake Road 8642062000 Public 9-12 SPED
Institute of Innovation 175 Campus Drive 8642062576 Public 9-12 SPED
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subdivision
Active Listings
Avg DoM
Avg Price
1
113
$265,000
other, Gaffney
12
217
$237,521

Mortgage Calculator

$
$
%
%
Interest Rate as of: Sun, Jun. 29, 2025
$ 478,000Home Price
$ 2,473Monthly payment
$ 382,400Amount Financed
$ 29,671Annual cost of Loan
$ 890,143Total of 360 Payments

Map

SEE THIS PROPERTY

James Schiller

James Schiller

Realtor, Brand Name Real Estate
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101 Mattie Street, Gaffney, SC, 29341
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