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Helena MHP 64 Kingston ave 35 Unit Mobile Home Park $994,000 ($28,400/Unit) Mc Rae Helena, GA 31037
INVESTMENT HIGHLIGHTS
- Strong Tenant Mix and Cash Flow Potential
- Attractive Market Fundamentals
- Opportunity for Rent Growth
- Low Utility Costs and Operational Efficiency
EXECUTIVE SUMMARY
Marcus & Millichap is pleased to present Helena MHP, a well-positioned manufactured home park located in Helena, Georgia. This property consists of 35 total pads, with a diverse tenant profile including 1 Tenant-Owned-Home (TOH), 22 Rent-to-Own (RTO) homes, 7 Vacant Park Owned Homed (VPOH) and 5 Vacant Pads (VLOT). The park offers direct billing for electricity, with water and sewer services provided by the city. Helena MHP presents a strong investment opportunity in a growing market with potential for both stable income and future value enhancement.
Helena, Georgia, is a small, yet steadily growing city in the heart of the state’s agricultural region. Known for its affordable cost of living and proximity to major regional hubs, the area has seen consistent demand for affordable housing options, particularly in the manufactured home sector. With easy access to major highways and a supportive local economy, Helena remains an attractive location for tenants seeking affordable living near job centers and amenities in the surrounding areas. The market for manufactured housing continues to grow in response to rising home prices and a shortage of affordable single-family housing.
Helena, Georgia, is a small, yet steadily growing city in the heart of the state’s agricultural region. Known for its affordable cost of living and proximity to major regional hubs, the area has seen consistent demand for affordable housing options, particularly in the manufactured home sector. With easy access to major highways and a supportive local economy, Helena remains an attractive location for tenants seeking affordable living near job centers and amenities in the surrounding areas. The market for manufactured housing continues to grow in response to rising home prices and a shortage of affordable single-family housing.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
| Price | $994,000 | Lot Size | 5.92 AC |
| Price Per Unit | $28,400 | Building Size | 257,875 SF |
| Sale Type | Investment | No. Stories | 1 |
| No. Units | 35 | Year Built | 1980 |
| Property Type | Multifamily | Opportunity Zone |
Yes
|
| Property Subtype | Manufactured Housing/Mobile Home | ||
| Zoning | RESIDENTIA | ||
| Price | $994,000 |
| Price Per Unit | $28,400 |
| Sale Type | Investment |
| No. Units | 35 |
| Property Type | Multifamily |
| Property Subtype | Manufactured Housing/Mobile Home |
| Lot Size | 5.92 AC |
| Building Size | 257,875 SF |
| No. Stories | 1 |
| Year Built | 1980 |
| Opportunity Zone |
Yes |
| Zoning | RESIDENTIA |
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Helena MHP | 64 Kingston ave
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