Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 8.3% (Actual)
- Listing ID: 6903670
- Posted On: May 22, 2025
- Updated On: Sep 7, 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.
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 |