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Mobile Home Park Details

  • Purchase Method: Cash
  • Cap Rate: 9.6% (Actual)
  • Listing ID: 6984868
  • Posted On: Oct 22, 2025
  • Updated On: Oct 22, 2025

Description

The Esterson MHC Team is pleased to present Hartwell MHP, a 50-unit mobile home community located in the scenic Lake Hartwell region of northeast Georgia. This stabilized investment opportunity features 7 tenant-owned homes (TOH), 32 rent-to-own (RTO) contracts, and 11 vacant mobile home lots—all contributing to a strong in-place cash flow with scalable upside through infill and rent optimization.

Located in Hartwell, GA, the property benefits from a peaceful suburban setting within close proximity to Lake Hartwell, a popular recreational destination straddling the Georgia–South Carolina border. Hartwell offers a blend of affordability, rural charm, and access to key employment centers across the region, making it attractive for both permanent residents and mobile home renters.

The community includes 50 capitalized units, composed of 7 TOH units and 32 RTO contracts, with 11 vacant lots. There are no park-owned homes (POHs), resulting in low operational complexity and minimal repair burdens. The average RTO rent is $200/month, and infill rents are projected at $550/month based on current market benchmarks. One POH was recently converted to rental status at $650/month, suggesting the ability to push rents further as demand increases.

Based on seller financials, the asset generates approximately $239,207 in gross revenue and $161,800 in NOI, reflecting a 7.2% in-place cap rate. Broker-adjusted P&L projections suggest a path to $349,457 in revenue and $251,111 in NOI, implying an 11.2% pro forma cap rate and a stabilized exit valuation of over $3.3M.

The park operates on public water, sewer, electric, and gas infrastructure—with all utilities directly billed to tenants or reimbursed via billback, ensuring a lean expense structure. Trash is curbside pickup, and the landlord is only responsible for mowing common areas. Roads are gravel and in operational condition.

The Hartwell region continues to attract residents seeking lower housing costs, with steady demand for affordable housing alternatives like mobile homes and RTO units. The area’s proximity to Lake Hartwell and broader northeast Georgia economic activity supports long-term occupancy trends and makes it a reliable submarket for mobile home community investments.

With zero park-owned homes and minimal deferred maintenance, Hartwell MHP offers investors a clean, stabilized asset with upside through pad infill and rental growth. Capital expenditures are estimated at approximately $1,200 per lot, keeping infill costs low while achieving occupancy and income gains.

We are asking investors to submit offers at or above $2,250,000. All offers must include pricing, inspection period, funding source, and appropriate due diligence timelines. Hartwell MHP represents a well-located, low-maintenance investment in a quiet Georgia market, ideal for investors seeking stable returns with straightforward upside and minimal management complexity.

Location

The Athens‑Clarke County metropolitan area (including Clarke, Madison, Oconee, and Oglethorpe counties) anchors the East Central Georgia region and is often referenced as “Athens MSA.” The city of Athens is home to the University of Georgia and serves as the cultural and economic hub of this region, with strong ties to education, healthcare, research, and arts.
The Athens MSA offers excellent connectivity via U.S. Routes 441, 78, and 29, and is approximately 70 miles northeast of Atlanta, placing it within reach of macroeconomic influence while still retaining its own regional identity.

Athens' economy is heavily rooted in the presence of UGA, which not only drives employment and student spending but also supports ancillary innovation, bioscience, and startup activity. The local government, healthcare systems, and education sector provide stability and offset cyclical swings. The region’s affordability relative to Atlanta and strong quality-of-life attributes—historic downtown, a growing arts and music scene, and proximity to natural areas—help sustain demand for both rental and for-sale housing.

With its role as a regional educational and service center, Athens draws a diverse population including students, faculty, young professionals, and retirees. This breadth supports stable year-round housing demand beyond just student rental cycles.

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

Park Information

Number of MH Lots: 50
Total Occupancy: 78.0 %
Average MH Lot Rent: $422
Size: 5 acre(s)

Financial Information (Actual)

Gross Income: $294,500
Operating Expense: $77,407
Net Operating Income: $217,093
Expense Ratio: 26.3 %

Lot Information

Singlewide Lots: 50

Utility Information

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

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