Contact Information

Mobile Home Park Details

  • Price: Call for Price
  • Property ID: 1658702
  • Posted On: Apr 29, 2022
  • Updated On: Jun 28, 2022

Property Description


Offers Due: 23, 2022 | No pricing guidance will be given. All offers will be considered.

We are pleased to present this 3 Park Portfolio in the Hinesville GA MSA.​ The portfolio consists of 93 lots, with a steady amount of achievable upside within this stabilized opportunity.​ This park owned home community consists of 93 mobile home lots, 92 park owned homes (POH), 93 tenants, mixed utilities, and semi-paved roads.​ As one of the fastest growing cities in southeast Georgia, Hinesville has all the amenities of a up and-coming city combined with small town southern charm.​ Residents can choose from a variety of different employment options both locally and in Savannah, GA which is only 30 minutes away.​ Savannah is currently growing at 12% and will continue to expand towards Hinesville.​

This park offers an investor the opportunity to be a key player in the market due to the extremely low inventory of housing in the area.​ Additionally, due to the fact that 92 of the homes are park owned, there is an opportunity to increase cash flow by responsibly raising rents and also billing back for the utilities.​ The current market rent for park owned homes is estimated at $1,000-$1,100 based on rent comparable surveys and what parks in this market are currently charging.​ Current occupancy is 100%.​ This suggests that the overall market can potentially support higher rents based on limited affordable housing supply and growing demand in this market.​

The park has an on-site maintenance manager.​ Collections are strong.​ There is public water and sewer in Victory Village, currently being paid for by the park.​ Pleasant Oaks and Pine Meadows are on well and septic and also included in rent.​ Tenants are directly billed from the municipality for electric utility systems.​ All systems are in good working order.​ The privately maintained roads in Victory Village and Pine Meadows are freshly paved and in excellent condition.​ Pleasant Oaks has a public paved road coming into the park, and then the park itself is gravel.​ Pleasant Oaks is located in a flood zone.​ Victory Village and Pine Meadows are not located in a flood zone.​ None of the parks are located in an opportunity zone.​ There are twenty 2020 park owned homes, thirty seven 2021 park owned homes, twenty five 2005 park owned homes, and one 2002 home.​ They are

in above average shape.​ Victory Village is all 2020 and 2021 year homes, and is a brand new park that was just developed.​ Pleasant Oaks and Pine Meadows have modular duplexes that were once used at Fort Stewart.​ There is a brick single family home in Pleasant Oaks that is currently below market rent.​ This portfolio is being offered as a stabilized investment with achievable upside.​ We are requesting cash or bank financed offers, but based on the quality, location, and metrics of the deal, the property should qualify for recourse loan products.​

Interested in purchasing this mobile home park? Get pre-qualified for a loan.

Park Information

Community Type: All Age
Number of MH Lots: 92
Total Occupancy: 100.0 %
Size: 19 acre(s)

Financial Information (Actual)

Gross Income $881,634
Debt Info

Utility Information

Water: Well
Sewer: Septic

Park-Owned Homes

Number of Park-owned Homes: 92

Download Documents

Other Listings by Glenn Esterson See More

Similar Mobile Home Parks for Sale