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Listed by Drew Lekowski • MRG Realty Partners
$ 2,150,000
Est. payment /mo
Active
120 Pine Cir Ellaville, GA 31806
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Subdivision Byron Place
MLS Listing ID 3260288
HOA Y/N false
Year Built 2004
Annual Tax Amount $439
Lot Dimensions 450X300
Property Description
MRG is pleased to present the Pineview MHP Portfolio, a 52-pad manufactured housing portfolio spanning five properties across Phenix City, Alabama, and Ellaville, Georgia. This portfolio offers a compelling combination of immediate in-place cash flow and significant value-add potential through the lease-up of vacant pads and the opportunity to increase below-market rents over time as units turn. Recent capital improvements have reduced near-term deferred maintenance needs, allowing a new owner to focus on operational execution and revenue growth. Spanning two states, the portfolio provides geographic diversification while offering an attractive basis for a multi-property acquisition with both stable income and meaningful upside.
alue-add lease-up opportunity — approximately 10 of 52 pads are currently vacant or under-utilized, offering meaningful upside as they're brought online
Wide rent spread across occupied units ($350–$1,150/month) signals room to push below-market rents up to comps at turnover or renewal
Attractive basis at roughly $41,300 per pad and ~7x gross rental income — a low entry point for a 52-pad, 5-property portfolio
Trash expenses are now being billed back to the tenant.
Recent capital investment in septic systems, roofing, plumbing, road work, and unit renovations reduces near-term deferred maintenance risk
Two-state, two-submarket footprint (Phenix City, AL and Ellaville, GA) spreads geographic and regulatory risk beyond just tenant-level diversification
alue-add lease-up opportunity — approximately 10 of 52 pads are currently vacant or under-utilized, offering meaningful upside as they're brought online
Wide rent spread across occupied units ($350–$1,150/month) signals room to push below-market rents up to comps at turnover or renewal
Attractive basis at roughly $41,300 per pad and ~7x gross rental income — a low entry point for a 52-pad, 5-property portfolio
Trash expenses are now being billed back to the tenant.
Recent capital investment in septic systems, roofing, plumbing, road work, and unit renovations reduces near-term deferred maintenance risk
Two-state, two-submarket footprint (Phenix City, AL and Ellaville, GA) spreads geographic and regulatory risk beyond just tenant-level diversification
Location
State GA
County Schley County
Zoning MHP
Interior
Heating Central
Cooling Central Air
Flooring Wood
Fireplace N
Exterior
View Y/N false
Private Pool false
Building
Story 1
Sewer Septic Tank
Water Well
Structure Type Brick
New Construction false
Schools
Elementary Schools Schley County Elementary School
Middle Schools Schley Middle High School
High Schools Schley Middle High School