278 MILAM BRIDGE RD SW Euharlee GA 30120-6049

Cushman & Wakefield’s Manufactured Housing Group is pleased to present the exclusive listing of Milam Bridge a manufactured housing community in Euharlee, GA 40 miles northwest of Downtown Atlanta.​ The Park consists of 35 Park-Owned homes, 4 RV Pads, and 1 Single-Family Home.​ Milam Bridge is a professionally managed and stabilized asset with historically minimal turnover.​ The Park offers investors the compelling opportunity to acquire a value-add community with demonstrated rent increases.​ Current ownership has completed several recent renovations capturing for strategic rent increases and proven-value add premiums.​

Nearly all of the homes in Milam Bridge are park-owned and occupied by long-term residents demonstrating keen desire to own their units.​ Future ownership is afforded a rare opportunity to gradually roll over to tenant-owned-homes through a Rent-to- Own program.​ This conversion will significantly reduce maintenance and operating costs, while allowing for long-term lot rent leases with consistent escalations.​

Located less than 50 miles from Downtown Atlanta, the exurb of Bartow County has experienced a 23% year-over-year increase in median home prices since last April eliminating crucial affordable housing options in the MSA.​ Upward pressure on both conventional apartment rents and home prices, bodes well for future rent increases and rent-to-own initiatives at Milam Bridge.​

Atlanta, GA MSA has grown 10.9%% since the end of 2019 and now has over 6,000,000 people.​ The state’s population has grown 7.8% from the end of 2019 and now has almost 11 million residents (8th most populated state).​ Milam Bridge MHP is being offered as a value-add investment with an entry cap rate of 4.9%, and the immediate opportunity to both reduce operating expenses and raise rents/transition to resident owned homes.​

• ​45 Minutes to Downtown Atlanta

• ​​Proven Rent Increases within existing Resident Base ( recent leases/renewals signed at $740 Per Month for single-wide homes)​

• Absence of competition from existing workforce housing and nearby parks

• ​Growing and Dynamic Local Submarket (Euharlee and Bartow County)