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
| MLS # | 3260288 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 2004 |
| Days On Site | 104 |
| Listing Provided By | MRG Realty Partners | Drew Lekowski |
| Story(s) | 1 |
|---|---|
| Units | 52 |
| Zoning | MHP |
| Garage Yes / No | No |
|---|
| Property | 439 |
|---|
| State | GA |
|---|---|
| County | Schley County |
| City | Ellaville |
| Zip Code | 31806 |
| Area | Schley County | GA |
| Community Name | Byron Place |
| School District | Schley Middle High School |
| Elementary School | Schley County Elementary School |
| High School | Schley Middle High School |
| Listing VS Median (in Byron Place) | |
Price: $1,900,000 low | high Med: $0 On site: 104 low | high Med: | |
| State | GA |
|---|---|
| County | Schley County |
| City | Ellaville |
| Zip Code | 31806 |
| Area | Schley County | GA |
| Community Name | Byron Place |
| School District | Schley Middle High School |
| Elementary School | Schley County Elementary School |
| High School | Schley Middle High School |
| Listing VS Median (in Byron Place) | |
Price: $1,900,000 low | high Med: $0 On site: 104 low | high Med: | |