120 Pine Cir, Ellaville, GA 31806
120 Pine Cir, Ellaville, GA 31806
120 Pine Cir, Ellaville, GA 31806
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Listed by Drew Lekowski • MRG Realty Partners
$1,900,000
Est. payment /mo
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120 Pine Cir Ellaville, GA 31806

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MK Hughes

MK Hughes

+1(615) 788-1932

UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Subdivision Byron Place

MLS Listing ID 3260288

HOA Y/N No

Year Built 2004

Annual Tax Amount $439

Lot Dimensions 450X300

Property Description

MRG is pleased to present the Pineview MHP Portfolio, a 52-pad manufactured housing portfolio spanning five properties across Phenix City, Alabama, and Ellaville, Georgia. This portfolio offers a compelling combination of immediate in-place cash flow and significant value-add potential through the lease-up of vacant pads and the opportunity to increase below-market rents over time as units turn. Recent capital improvements have reduced near-term deferred maintenance needs, allowing a new owner to focus on operational execution and revenue growth. Spanning two states, the portfolio provides geographic diversification while offering an attractive basis for a multi-property acquisition with both stable income and meaningful upside.
alue-add lease-up opportunity — approximately 10 of 52 pads are currently vacant or under-utilized, offering meaningful upside as they're brought online

Wide rent spread across occupied units ($350–$1,150/month) signals room to push below-market rents up to comps at turnover or renewal

Attractive basis at roughly $41,300 per pad and ~7x gross rental income — a low entry point for a 52-pad, 5-property portfolio

Trash expenses are now being billed back to the tenant.

Recent capital investment in septic systems, roofing, plumbing, road work, and unit renovations reduces near-term deferred maintenance risk

Two-state, two-submarket footprint (Phenix City, AL and Ellaville, GA) spreads geographic and regulatory risk beyond just tenant-level diversification

Location

State GA

County Schley County

Zoning MHP

Interior

Heating Central

Cooling Central Air

Flooring Wood

Fireplace N

Exterior

View Y/N false

Private Pool false

Building

Story 1

Sewer Septic Tank

Water Well

Structure Type Brick

New Construction false

Schools

Elementary Schools Schley County Elementary School

Middle Schools Schley Middle High School

High Schools Schley Middle High School

Others

Senior Community false

Special Listing Condition Standard

RealTracs IDX
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To say MK went above and beyond is a understatement. We drove over 300 miles in the only 2 days we had to look for homes. When a seller failed to disclose extremely important information until 2days prior to closing she fought for me. To say that she was relentless in searching, again is a understatement. Words cannot express how grateful I am to her and the team that backs her behind the scenes. There isn’t a high enough star rating to give MK and her team, we were beyond blessed to have her work/fight for us.

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MK Hughes

MK Hughes

Agent License ID: 341737

+1(615) 788-1932

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120 Pine Cir