Mobile Home Park
Helena MHP
64 Kingston Ave, McRae-Helena, GA 31037
Listing Price: $1,190,000
Investment Overview
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.
Helena MHP
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.
Listing Price: $1,190,000
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.
Investment Overview
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.
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