Martin MHP
7.10% Cap | Below Replacement Cost
Marketing description
PIERCE COUNTY - Martin Mobile Home Park (MHP) is a 60 verified lot mobile home park with 9 additional potential lots located on 19.5 acres in Pierce County, Georgia. The property sits along one of the most heavily traveled sections of Highway 84, a major corridor that runs directly toward the Port of Savannah and supports regional movement, commerce, and logistics activity. The park benefits from its southeast Georgia location, where affordable housing demand is driven by local employment, highway access, agriculture, timber, service industries, and broader port-related economic activity.
The community currently consists of 13 POH, 17 TOH, 25 vacant lots, and 1 vacant POH, with current occupancy around 62% based on the existing rent roll. Utilities are currently serviced by well water and septic, and the property offers a 2:1 parking ratio for residents. A recently passed ordinance providing access to public utilities creates a major long-term upside opportunity for a new owner. The combination of 60 verified lots, 9 potential lots, and future utility access gives investors multiple paths to increase density, improve operations, and grow revenue.
At roughly $20,000 per pad, Martin MHP presents an affordable entry point into a 69-pad community with existing infrastructure and clear value-add potential. Investors can benefit from acquiring a partially occupied asset with room to improve occupancy, optimize rents, and increase NOI as vacant lots are brought online. The combination of affordable housing demand, southeast Georgia employment drivers, and significant embedded upside makes this a compelling opportunity for buyers seeking scale at a basis below replacement cost.
Investment highlights
• Significant Infill Upside
• Below Replacement Cost
• Value-Add Occupancy Play
• Affordable Housing Demand
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