64 Kingston ave - Manufactured Housing/Mobile Housing FOR SALE


Mc Rae Helena, GA 31037
$1,190,000 USD
605-390-1975
64 Kingston ave, Mc Rae Helena, GA for Sale
$1,190,000 USD
Manufactured Housing/Mobile Housing - FOR SALE
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null | Request Cap Rate

64 Kingston ave
Mc Rae Helena, GA 31037


HIGHLIGHTS

  • Strong Tenant Mix and Cash Flow Potential
  • Opportunity for Rent Growth
  • Attractive Market Fundamentals
  • Low Utility Costs and Operational Efficiency

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.

FOR SALE DETAILS

PRICE

$1,190,000 USD

PRICE/SF

$5 USD /SF

# OF UNITS

39

PRICE/UNIT

$30,513

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Helena MHP

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Manufactured Housing/Mobile Housing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1980

PARKING SPACES

-

LAND DETAILS

LAND ACRES

5.92 AC

LAND SF

257,875 SF

ZONING

RESIDENTIA

APN/PARCEL ID

H00900-004

ASK ABOUT THIS PROPERTY

Nick LoreMarcus & MillichapMore Info
605-390-1975

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Nick LoreMarcus & MillichapMore Info
605-390-1975

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