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    0 Laquinta Drive

    Orangeburg, SC 29115
    • $250,000
    • STATUS: Active Under Contract
    • ON SITE: 52 days
    • ID#: 20010071
    Under Contract
    UPDATED: 26 min ago
    $250,000
    • 0
      BEDS
    • 8.58
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 1
      SQFT
    • $250,000
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1958
    County:

    School Information

    Elementary School:
    Middle School:

    Description

    This was once a thriving park of 40 homes. The same owner has had it since the 60's. After 50 years she can no longer maintain it and the children do not want anything to do with the park. She has not been able to keep up with the property or the tenants in many years. We are selling this property as an infrastructure ready for improvement. There are still around 10 active tenants paying $100/month lot rent only, half of market value. She does not keep records and no financials are available.What we are selling is 42 potential total lots on 2 streets. Seller says there is enough individual city water meters for 40 on Laquinta and 2 more on Hodson Dr. To her best knowledge there are 26 septic systems on Laquinta and 2 more on Hodson. Septic systems are grandfathered in at 2 homes peper system but many need repair. DHEC says some system repairs may require they are brought to current code which is 1 home per septic tank. Normal service and maintenance will not affect the grandfathered clause. All tanks are believed to require some sort of service. We are offering the lower amount of 35 lots due to the potential of losing some from repairs needed to the septic systems. Owner is not aware of any current plans for sewage. This park will need work, there are some old abandoned trailers on the property that the seller does not hold title to, and some clean up will be needed. Park is priced accordingly at $7k per estimated spaces. Nearby park that needed some improvement at 55% occupancy recently sold for $13k per lot. Not in a flood zone and very close to Orangeburg. This is an excellently placed property just outside of town and close to 26. Tons of employment opportunities. City water and power already run so development not out the range of possibilities either. Potential buyers are free to drive by but please do not bother tenants or engage with them. Property starts at 301 and ends near orange fire hydrant. Hodson property is 1140 TMS 01830011010

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    Real estate listing marked with the CTMLS logo or an abbreviated logo are provided courtesy of the Charleston Trident MLS Broker Reciprocity Database. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Cassina Group, LLC. Data last updated: 2020-06-06T12:33:03.65.
    www.thecassinagroup.com/homes/105024533

    0 Laquinta Drive Orangeburg, SC 29115

    • Price: $250,000
    • Status: Active Under Contract
    • Updated: 26 min ago
    • ID#: 20010071
    0
    Beds
    0
    Baths
    0
    ½ Baths
    8.58
    Acres
    1
    SQFT
    $250,000
    $/SQFT
    1958
    Built
    Neighborhood:
    Orangeburg County
    County:
    Orangeburg
    Area:
    Orangeburg County
    Elementary School:
    Out Of Area
    Middle School:
    Robert E. Howard Middle
    High School:
    Orangeburg-Wilkinson High School
    Property Description
    This was once a thriving park of 40 homes. The same owner has had it since the 60's. After 50 years she can no longer maintain it and the children do not want anything to do with the park. She has not been able to keep up with the property or the tenants in many years. We are selling this property as an infrastructure ready for improvement. There are still around 10 active tenants paying $100/month lot rent only, half of market value. She does not keep records and no financials are available.What we are selling is 42 potential total lots on 2 streets. Seller says there is enough individual city water meters for 40 on Laquinta and 2 more on Hodson Dr. To her best knowledge there are 26 septic systems on Laquinta and 2 more on Hodson. Septic systems are grandfathered in at 2 homes peper system but many need repair. DHEC says some system repairs may require they are brought to current code which is 1 home per septic tank. Normal service and maintenance will not affect the grandfathered clause. All tanks are believed to require some sort of service. We are offering the lower amount of 35 lots due to the potential of losing some from repairs needed to the septic systems. Owner is not aware of any current plans for sewage. This park will need work, there are some old abandoned trailers on the property that the seller does not hold title to, and some clean up will be needed. Park is priced accordingly at $7k per estimated spaces. Nearby park that needed some improvement at 55% occupancy recently sold for $13k per lot. Not in a flood zone and very close to Orangeburg. This is an excellently placed property just outside of town and close to 26. Tons of employment opportunities. City water and power already run so development not out the range of possibilities either. Potential buyers are free to drive by but please do not bother tenants or engage with them. Property starts at 301 and ends near orange fire hydrant. Hodson property is 1140 TMS 01830011010
    Exterior Features

    Architectural Style Mobile HomeMore Than 4

    Listing courtesy of Brand Name Real Estate.


    Real estate listing marked with the CTMLS logo or an abbreviated logo are provided courtesy of the Charleston Trident MLS Broker Reciprocity Database. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Cassina Group, LLC. Data last updated: 2020-06-06T12:33:03.65.
     
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    The Cassina Group, LLC
    309 Coleman Boulevard
    Mount Pleasant SC, 29464