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3535 Geer Hwy

$1,350,000

3535 Geer Hwy, Slater-Marietta, SC 29661

Active
Last Updated: 05/20/2025

924 sqft

Building Size

1 acres

Lot Area

Details:
Building Size:    924 sqft
Lot Area:    1 acres
Occupancy:    70%
Units:    20
Highlights:
  • List Price: $1,350,000.00
  • Price per Door (20 pads): +/-$67,500.00
  • Occupancy Rate: 70% (14 of 20 pads occupied)
  • Rental Type: Mix of SW and DW Park-Owned Homes
  • Utility Type: Public Water, Sewer, and Electric
  • Monthly Gross Operating Income (GOI): +/=$11,250.00
  • Annual Net Operating Income (NOI): +/-$114,750.00
Description:

This income-generating mobile home park located at 3535 Geer Highway in Marietta, SC presents a strong value-add opportunity in a growing corridor of Greenville County.

With 20 total spaces and a current 70% occupancy rate (14 of 20 pads occupied), the park offers both stable cash flow and significant upside through infill and rent growth.

Public utilities—including water, sewer, and electric—are in place, minimizing operational complexity. The site benefits from MHP (130) zoning, a rare and valuable classification in the county, providing long-term security and investment potential.



SVN Palmetto is proud to present Castle Gate MHP at 3535 Geer Hwy, Marietta SC 29661. Strategically located on a major corridor between Asheville, NC and Travelers Rest, SC, this park benefits from proximity to employment centers while maintaining rural affordability.

Greenville County has seen over 20% population growth in the past decade, with demand for affordable housing driven by key employers like BMW, Michelin, GE, Prisma Health, and a rapidly growing industrial and logistics sector. Rising housing costs have created a gap in affordable rental inventory, placing attractive, well-positioned mobile home communities like Castle Gate MHP in high demand.

A low 15% expense ratio, consistent rental income, and six vacant pads ready for infill give investors investors a clear path to increase revenue and enhance overall value. Pricing at an 8% cap rate reflects the asset's stability, and the existing infrastructure eliminates the need for major capital improvements.

As MHP-zoned land becomes harder to find in Greenville County, opportunities like this—a stabilized park with upside, zoning, and infrastructure in place—are rare. Whether you're scaling your existing portfolio or entering the mobile home park space, 3535 Geer Highway offers the right mix of cash flow, value-add potential, and market strength.

Contact me today at 864-640-9580 to schedule a site visit.

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