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Opportunity Zone

Southeast MHP Portfolio (CMBS)

Mobile Home Park | 7.74% CAP | 322 Pads

Listing Contacts

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Active

Asking Price: $9,200,000
Listing Broker NameEdwin "Eddie" Greenhalgh
Address (10 locations)

15928 Dean Dr, Brookwood, AL 35444

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20355 AL-22, Clanton, AL 35045

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3605 Co Rd 47, Clanton, AL 35045

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County Rd 24, undefined, AL 36091

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501 Green St, Fort Valley, GA 31030

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1657 Joe Lawrence Rd, Ashburn, GA 31714

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254 E Clifton Ave, Lyons, GA 30436

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115 Rip Wiley Rd, Fitzgerald, GA 31750

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15 Higdon Loop, Andrews, NC 28901

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1201 Secession Ave, Abbeville, SC 29620

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Date Added
Nov 19, 2024
Days on Market
119 days
Time Since Last Update
27 days

Details

Property TypeMobile Home Park
SubtypeManufactured Home Communities
Cap Rate7.74%
NOI$632,238
Pads322

Marketing Description

Marcus & Millichap is pleased to present a unique investment opportunity in a CMBS portfolio of 11 mobile home parks, strategically located across Alabama, Georgia, North Carolina, and South Carolina.​ This portfolio encompasses a total of 322 pads, with a diversified mix of tenant types.​ Each property’s electricity is billed directly to tenants, water is sourced from city systems, and sewer services vary between city and septic systems.​ The portfolio is offered as a complete package with a CMBS loan that must be assumed, making it ideal for investors seeking operational and management efficiencies.​ The combined scale and geographic positioning across these high-demand regions allows a new investor to capitalize on streamlined operations and potential economies of scale.​

The portfolio is strategically located in growing Southeastern and Appalachian markets, where demand for housing continues to rise due to economic growth, population expansion, and an increasingly cost-conscious renter base.​ Each state within the portfolio’s footprint benefits from strong local industries which create stable employment bases and support ongoing demand for workforce housing options like mobile home communities.​

Investment Highlights

  • The portfolio’s regional positioning across five states provides management and operational efficiencies, allowing a new owner to leverage cost-effective strategies and scale economies.

  • Growing Demand for Affordable Housing: Each park’s location is within areas w/ strong employment bases & high demand for affordable housing, supporting long-term occupancy stability and rental growth.

  • Strategic Loan Structure: The 11 parks come with a CMBS loan that must be assumed, enabling a structured financial arrangement

Valuation Calculator

Valuation Calculator

Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$632,238.00
$52,686.50/mo

Valuation Metrics

0
DSCR
6.87%
Cap Rate
6.87%
ROI
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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 Name
Edwin "Eddie" Greenhalgh
Broker License
AL 0000882980
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