Active

120 Pine Cir

Ellaville, GA 31806

$2,150,000 $9,064/Mo

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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 a re 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

Property Details

Property Type : Residential Income

Price : $2,150,000

AD Id : 87565944

MLS Id : RTC3260288

Year Built : 2004

County : Schley County, GA

Subdivision: Frees Park Place

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Features

Flooring Information

Flooring: Wood Construction Materials: Brick
Heating & Cooling

Heating: Central Has Heating: Yes Cooling: Central Air Has Cooling: Yes WaterSource: Well

Building Information

Year Built: 2004

Lot Information

Lot Dimensions: 450X300

Property Information

Property Type: Residential Income Structure Type: Multi Family

Listing Price Information

Original List Price:$2150000

Tax Information

Annual Tax: $439 Parcel Number: E0030020001

School Information

Elementary School: Schley County Elementary School Junior High School: Schley Middle High School Senior High School: Schley Middle High School
Utility Information

Sewer: Septic Tank Water Source: Well
Location Information

Subdivision: Byron Place City: Ellaville Direction: NA

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
175 Broad Street, Ellaville, GA, 31806	$212,500	3	2	2,100	2,100 SqFt
34 Briar Place, Ellaville, GA, 31806	$228,900	3	2	2,100	2,100 SqFt

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120 Pine Cir,
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ByOwner last updated this listing 07/07/2026 @ 18:20

MLS: REALTRAC #3260288 LISTED BY: Andrew Lekowski, MRG Realty Partners 651-900-4386 SOURCE: REALTRAC (RT RealTracs) (Listings courtesy of REALTRAC (RT RealTracs) as distributed by MLS GRID)