https://pineviewmobilehomeparks.sharplaunch.com/ 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. Value-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 call drew lekowski for details 615-522-3973
| MLS # | 3261932 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 2001 |
| Days On Site | 119 |
| Listing Provided By | MRG Realty Partners | Drew Lekowski |
| SQ Feet | 25,000 |
|---|---|
| Story(s) | 1 |
| Units | 52 |
| Zoning | MHP |
| Garage Yes / No | No |
|---|
| Property | 9010 |
|---|
| State | AL |
|---|---|
| County | Lee County |
| City | Phenix City |
| Zip Code | 36870 |
| Area | Lee County | AL |
| School District | Auburn High School |
| Elementary School | Auburn Early Education Center |
| High School | Auburn High School |
| Listing VS Median (in 36870) | |
Price: $1,900,000 low | high Med: $1,900,000 sqft: 25,000 low | high Med: 25,000 $ / sqft: $76 low | high Med: $76 On site: 119 low | high Med: 119 | |
| State | AL |
|---|---|
| County | Lee County |
| City | Phenix City |
| Zip Code | 36870 |
| Area | Lee County | AL |
| School District | Auburn High School |
| Elementary School | Auburn Early Education Center |
| High School | Auburn High School |
| Listing VS Median (in 36870) | |
Price: $1,900,000 low | high Med: $1,900,000 sqft: 25,000 low | high Med: 25,000 $ / sqft: $76 low | high Med: $76 On site: 119 low | high Med: 119 | |