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Helena MHP

Mobile Home Park | 7.35% CAP | 39 Pads

Listing Contacts

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Active

Asking Price: $1,190,000
Listing Broker NameJohn Leonard
Address 

64 Kingston Ave, McRae-Helena, GA 31037

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Date Added
Nov 15, 2024
Days on Market
159 days
Time Since Last Update
63 days

Details

Property TypeMobile Home Park
SubtypeMobile Home Communities
Cap Rate7.35%
NOI$73,890
Pads39
Year Built1980
Lot Size (acres)5.92
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Marketing Description

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.​

Investment Highlights

  • Strong Tenant Mix and Cash Flow Potential: The park’s diverse tenant mix offers a balance of stable income and future rent growth.

  • Opportunity for Rent Growth: Significant upside potential in increasing occupancy and implementing rent increases for both existing homes and newly developed pads.

  • Attractive Market Fundamentals: Helena’s combination of small-town charm, affordability, and proximity to regional job centers makes it an attractive location for long-term investment.

  • Low Utility Costs and Operational Efficiency: With electricity billed directly to tenants and water/sewer services provided by the city, Helena MHP maintains a relatively low overhead, reducing operational risks.

Valuation Calculator

Valuation Calculator

Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$73,890.00
$6,157.50/mo

Valuation Metrics

0
DSCR
6.21%
Cap Rate
6.21%
ROI

Due Diligence

Due diligence information will be provided.
Please reach out to the listing contacts for details.

Contact

Listing Contacts

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Broker of Record
John Leonard
Broker of Record: License Type
GA 252904
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