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Helena MHP 64 Kingston ave

39 Unit Mobile Home Park $1,190,000 ($30,513/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 39 total pads, with a diverse tenant profile including 1 lot rent, 18 Rent-to-Own (RTO) homes, 9 Vacant Park Owned Homes (VPOH), and 11 Vacant Pads. 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.

Data Room Click Here to Access

Property Facts

Price $1,190,000
Price Per Unit $30,513
Sale Type Investment
No. Units 39
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

Zoning Code RESIDENTIA
RESIDENTIA
  • Listing ID: 33883118

  • Date on Market: 11/15/2024

  • Last Updated:

  • Address: 64 Kingston ave, Mc Rae Helena, GA 31037

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