3819 Karleen Rd, Hephzibah, GA 30815

Pinederosa MHP at 3819 Karleen Rd, Hephzibah, GA 30815 is a compelling value-add manufactured housing community in the Augusta Metro offering immediate scale, strong in-place income, and significant upside. Priced at $2,000,000, the property features 60 total sites across approximately 31 acres, including about 5 acres of undeveloped land for future expansion or redevelopment potential.

Currently 43% occupied, the community includes a mix of park-owned and tenant-owned homes, plus fully utility-ready vacant sites that create a clear path to lease-up and NOI growth. With 34 remaining pads available for infill and a projected pro forma NOI of $521,613, investors can capitalize on a high-upside repositioning opportunity in a market supported by durable demand for affordable housing.

Additional value can be unlocked through infill, Section 8 rent optimization, sewer connectivity improvements, and water metering. The property also benefits from a 1,500 SF shop, fee simple ownership, and proximity to major regional employment anchors including Fort Eisenhower and Augusta University Medical Center.

Seller financing is available, offering added flexibility and an attractive entry point for qualified buyers.