BEDS0
BATHS
SQUARE FEET25,000
MLS#3261932
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
Property Description
https://pineviewmobilehomeparks.sharplaunch.com/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.Value-add lease-up opportunity - approximately 10 of 52 pads are currently vacant or under-utilized, offering meaningful upside as they're brought onlineWide rent spread across occupied units ($350-$1,150/month) signals room to push below-market rents up to comps at turnover or renewalAttractive basis at roughly $41,300 per pad and ~7x gross rental income - a low entry point for a 52-pad, 5-property portfolioTrash 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 riskTwo-state, two-submarket footprint (Phenix City, AL and Ellaville, GA) spreads geographic and regulatory risk beyond just tenant-level diversificationcall drew lekowski for details 615-522-3973
Property Features
Property Type: Multi Unit - Multiple
Cooling: Central Air
Heating: Central
Stories: 1.0
Taxes: $9,010
Year Built: 2001
Feature Descriptions
Days on Site: 114
Exterior: Vinyl Siding
Flooring: Wood
Sewer: Septic Tank
Units: 52
Water: Well
Local Schools
High School: Auburn High School
Middle School: Auburn Junior High School
Elementary School: Auburn Early Education Center
Listed By / Shown By
Listed By
Agency Name: MRG Realty Partners
Agency Phone: 6519004386
Shown By
Agency Title: Crye-Leike Real Estate Services - Adaro Realty - Memphis
Agency Phone: 901-751-6675
Source: Nashville MLS
Estimate Your Payment
Estimated Payment
$ 5,533.58 per month $4,228.58 Principal & Interest $750.83 Property Tax $554.17 Homeowner's InsuranceChange Payment Information
Member Participants (and their affiliated licensees, if applicable) shall indicate on their websites that IDX information is provided exclusively for consumers’ personal non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time. MLS GRID may, at its discretion, require use of other disclaimers as necessary to protect Member Participant, and/or their MLS from liability.
Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Privacy Policy / DMCA Notice / ADA Accessibility
This site is hosted, designed and copyright
© 1994 - 2026 by
Delta Media Group, Inc. -- Patent Pending --
863 Lee Road 234 | MLS# 3261932
This multi-family property located at 863 Lee Road 234, Phenix City, AL 36870 is currently listed for sale with an asking price of $1,900,000. Search Phenix City real estate on www.adarorealty.com today.