120 Pine Cir, Ellaville, GA 31806
120 Pine Cir, Ellaville, GA 31806
120 Pine Cir, Ellaville, GA 31806
120 Pine Cir, Ellaville, GA 31806
120 Pine Cir, Ellaville, GA 31806
120 Pine Cir, Ellaville, GA 31806
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Jeff Lucas

Jeff Lucas

+1(615) 207-5602
Listed by Drew Lekowski • MRG Realty Partners
$ 2,150,000
Est. payment | /mo
Save
$ 2,150,000
Est. payment | /mo
Save

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Subdivision Byron Place

MLS Listing ID 3260288

HOA Y/N No

Year Built 2004

Annual Tax Amount $439

Lot Dimensions 450X300

Property Description

MRG is pleased to present the Pineview MHP Portfolio, a 52-pad manufactured housing portfolio spanning five properties across Phenix City, Alabama, and Ellaville, Georgia. This portfolio offers a compelling combination of immediate in-place cash flow and significant value-add potential through the lease-up of vacant pads and the opportunity to increase below-market rents over time as units turn. Recent capital improvements have reduced near-term deferred maintenance needs, allowing a new owner to focus on operational execution and revenue growth. Spanning two states, the portfolio provides geographic diversification while offering an attractive basis for a multi-property acquisition with both stable income and meaningful upside.
alue-add lease-up opportunity — approximately 10 of 52 pads are currently vacant or under-utilized, offering meaningful upside as they're brought online

Wide rent spread across occupied units ($350–$1,150/month) signals room to push below-market rents up to comps at turnover or renewal

Attractive basis at roughly $41,300 per pad and ~7x gross rental income — a low entry point for a 52-pad, 5-property portfolio

Trash expenses are now being billed back to the tenant.

Recent capital investment in septic systems, roofing, plumbing, road work, and unit renovations reduces near-term deferred maintenance risk

Two-state, two-submarket footprint (Phenix City, AL and Ellaville, GA) spreads geographic and regulatory risk beyond just tenant-level diversification

Location

State GA

County Schley County

Zoning MHP

Interior

Heating Central

Cooling Central Air

Flooring Wood

Fireplace N

Exterior

View Y/N false

Private Pool false

Building

Story 1

Sewer Septic Tank

Water Well

Structure Type Brick

New Construction false

Schools

Elementary Schools Schley County Elementary School

Middle Schools Schley Middle High School

High Schools Schley Middle High School

Others

Senior Community false

Special Listing Condition Standard

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Jeff Lucas

“My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! ”

+1(615) 207-5602

jeff@thelucasgrouptn.com

131 Saundersville Rd, Suite 130, Hendersonville, TN 37075, United States

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120 Pine Cir