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Mobile Home Park Details

  • Price: $994,000
  • Purchase Method: Cash, New Loan
  • Cap Rate: 8.3% (Actual)
  • Listing ID: 6903670
  • Posted On: May 22, 2025
  • Updated On: May 22, 2025

Description

Marcus & Millichap is pleased to present Helena MHP, a well-positioned manufactured home park located in Helena, Georgia. This property consists of 35 total pads, with a diverse tenant profile including 1 Tenant-Owned Home (TOH), 22 Rent-to-Own (RTO) homes, 7 Vacant Park Owned Homes (VPOH), and 5 Vacant Pads (VLOT). The park offers direct billing for electricity, with water and sewer services provided by the city. Helena MHP presents a strong investment opportunity in a growing market with potential for both stable income and future value enhancement.

Helena, Georgia, is a small, yet steadily growing city in the heart of the state’s agricultural region. Known for its affordable cost of living and proximity to major regional hubs, the area has seen consistent demand for affordable housing options, particularly in the manufactured home sector. With easy access to major highways and a supportive local economy, Helena remains an attractive location for tenants seeking affordable living near job centers and amenities in the surrounding areas. The market for manufactured housing continues to grow in response to rising home prices and a shortage of affordable single-family housing.

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Park Information

Number of MH Lots: 35
Total Occupancy: 77.0 %
Average MH Lot Rent: $467

Financial Information (Actual)

Gross Income: $122,123
Operating Expense: $39,931
Net Operating Income: $82,192
Expense Ratio: 32.7 %

Utility Information

Water: City
Water Paid By: Tenant - Submetered
Sewer: City

Park-Owned Homes

Number of Park-owned Homes: 7
Average Rent for Park-owned Homes: $467

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