120 Pine Cir, Ellaville, GA 31806
Local realty services provided by:CENTURY 21 Premier
120 Pine Cir,Ellaville, GA 31806
$1,900,000
- - Beds
- - Baths
- - sq. ft.
- Multi-family
- Active
Listed by: drew lekowski
Office: mrg realty partners
MLS#:3260288
Source:NASHVILLE
Price summary
- Price:$1,900,000
About this home
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...
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Home facts
- Year built:2004
- Subdivision & Development:Byron Place
- Listing ID #:3260288
- Added:112 day(s) ago
- Updated:October 24, 2026 at 02:36 PM
Heating and cooling
- Cooling:Central Air
- Heating:Central
- Central air:Yes
Structure and exterior
- Year built:2004
- Construction Materials:Brick
- Levels:1 Story
Schools
- High school:Schley Middle High School
- Middle school:Schley Middle High School
- Elementary school:Schley County Elementary School
Utilities
- Water:Well
- Sewer:Septic Tank
Finances and disclosures
- Price:$1,900,000
- Tax amount:$439
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