Contact Information

Todd Fletcher

ARA MHC Group

Mobile Home Park Details

  • Price: Call for Price
  • Property ID: 1167755
  • Posted On: Dec 16, 2019
  • Updated On: Jan 8, 2020

Property Description

• Pine Terrace MHC is an all-age 75-site community set on nearly 54 acres
of land serviced by public utilities and located in an opportunity zone. The
community features a clean and spacious layout with off-street parking and
mature trees throughout.
• The community is ideally situated just off Highway 84 on the Georgia-Florida
state line, providing easy access to other larger markets such as Thomasville,
GA (10 miles) and Tallahassee, FL (37 miles). The property is also within a
highly rated school district comprised of six elementary/middle schools within
Grady County.
• Offering includes 48 park-owned homes, of which 31 are currently occupied
averaging $306 for the home rent portion. Reportedly the remaining vacant
homes are salvageable but would require around $5-7K per home to remodel
and get rent ready. Current owner has had no problems finding qualified
tenants once they have a home available.
• Value-add opportunity to continue filling sites to increase occupancy as the
property is only 60% economically occupied. There is tremendous demand
for affordable housing in the area. The average household income is $51,105
with average home values of approximately $179,000 within a ten-mile radius
of the community.
• The site has several acres of vacant land that a new owner may be able to
develop additional sites on.
• Within a ten-mile radius of the community, the total population is approximately 43,150 and expected to rise to 46,400 by 2024.

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Park Information

Community Type: All Age
Number of MH Lots: 75
Year Built: 1998
Size: 53.6 acre(s)

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