120 Pine Cir, Ellaville, GA

Name: 120 Pine Cir, For Sale in Ellaville - Zoocasa
Brand: MRG Realty Partners
SKU: 3260288
Price: 1900000 USD

House

For Sale

Listed price in listed location currency (USD).

$1,900,000

000

MLS® 3260288

Overview

Key Facts

Type Multi Family

Levels Residential Income

Size -

Garage

Taxes $439

Days Active 79

Lot Size

Approx. Age 2004

MLS® Number 3260288

Property Address: 120 Pine Cir, Ellaville, GA, 31806-3368

Average square foot calculated using Size range provided by listing agent.

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

MLS® Number3260288

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age2004

Basement

Driveway

Garage Spaces

HeatCentral

A/CCentral Air

Extras

Appliances

Map

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