64 Kingston AveMcRae-Helena, GA 31037

Property Details for 64 Kingston Ave

Year built

1980

Lot size

5.92 AC

Property type

Residential income properties

Property subtype

Multifamily properties

Description

This exceptional investment opportunity presents Helena MHP, a 39-pad mobile home park situated on 5.92 acres in McRae-Helena, Georgia (zip code 31037). Built in 1980, the park boasts a diverse tenant base, including rent-to-own homes, vacant park-owned homes, and vacant pads, offering immediate income and significant upside potential. The current Net Operating Income (NOI) stands at $73,890, yielding a compelling 7.35% capitalization rate at an asking price of $1,190,000. The park's operational efficiency is enhanced by direct tenant billing for electricity, while the city provides water and sewer services, minimizing overhead costs. Located in a steadily growing area known for its affordable living and proximity to major regional hubs, Helena MHP benefits from consistent demand for affordable housing. The park's strategic location and the strong market fundamentals for manufactured housing create a compelling investment opportunity with potential for both stable income and future value appreciation through increased occupancy and rent adjustments. This property offers a blend of immediate cash flow and long-term growth prospects in a thriving market. The address is 64 Kingston Ave.

Location Insight

City

McRae-Helena

County

Telfair

State

Georgia

Latitude

32.0746

Longitude

-82.9213

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