Courtesy: MRG Realty Partners
651-900-4386
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
Andrea D. Conner, License 344441, Xome Inc., License 262361, [email protected], 844-400-XOME (9663), 751 Highway 121 Bypass, Suite 100, Lewisville, Texas 75067
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Phenix City is located in Alabama. Phenix City, Alabama has a population of 38,216. Phenix City is less family-centric than the surrounding county with 23.05% of the households containing married families with children. The county average for households married with children is 25.53%.
The median household income in Phenix City, Alabama is $43,296. The median household income for the surrounding county is $44,065 compared to the national median of $69,021. The median age of people living in Phenix City is 35.8 years.
The average high temperature in July is 91.9 degrees, with an average low temperature in January of 34.7 degrees. The average rainfall is approximately 49 inches per year, with 0.5 inches of snow per year.
