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146 David St 30 Unit Mobile Home Park $1,721,638 CAD ($57,388 CAD/Unit) Adel, GA 31620
INVESTMENT HIGHLIGHTS
- Stable, Low-Intensity Asset with Strong Tenant Ownership
- Long-Term Tenant Occupancy
- Water, Sewer and Trash service all direct billed to tenant
- Clear Upside Through Rent Optimization
- Lot Rents Currently Below Market
EXECUTIVE SUMMARY
Aline Capital’s MHRV team is pleased to offer our Broker opinion of value for Adel MHC. An opportunity to acquire a well-maintained 30-pad mobile home community located
in the city of Adel, Georgia—a growing market in South Georgia known for its affordability and stable tenant base. The park is predominantly tenant-owned, with 26 out of
30 homes owned by residents*, minimizing management intensity and maintenance costs.
Situated on approximately 5.85 acres, the community benefits from full city water and sewer service, both directbilled to tenants, as well as tenant-billed trash service, which results in minimal utility expense to ownership. The property’s strong occupancy and low turnover create consistent cash flow, with additional upside through the lease-up of two vacant pads and gradual rent adjustments to market levels.
Inspite of the recent fifty-two million dollar expansion of Medical Center infrastructure, and the Walmart Supercenter now located in Adel, Lot rents remain below regional market averages. This provides investors with an immediate path to increased returns through rent optimization. The two vacant pads offer additional income potential with minimal capital outlay, as infrastructure is already in place. With its high percentage of tenant-owned homes and direct-billed utilities, the park is positioned as a low maintenance, high-yield asset in a market demonstrating steady demand for affordable housing.
* New tenant in Lot 1 is planning to pay off the unit and convert to lot rent only. (Details on the home sale can be discussed during marketing process.)
in the city of Adel, Georgia—a growing market in South Georgia known for its affordability and stable tenant base. The park is predominantly tenant-owned, with 26 out of
30 homes owned by residents*, minimizing management intensity and maintenance costs.
Situated on approximately 5.85 acres, the community benefits from full city water and sewer service, both directbilled to tenants, as well as tenant-billed trash service, which results in minimal utility expense to ownership. The property’s strong occupancy and low turnover create consistent cash flow, with additional upside through the lease-up of two vacant pads and gradual rent adjustments to market levels.
Inspite of the recent fifty-two million dollar expansion of Medical Center infrastructure, and the Walmart Supercenter now located in Adel, Lot rents remain below regional market averages. This provides investors with an immediate path to increased returns through rent optimization. The two vacant pads offer additional income potential with minimal capital outlay, as infrastructure is already in place. With its high percentage of tenant-owned homes and direct-billed utilities, the park is positioned as a low maintenance, high-yield asset in a market demonstrating steady demand for affordable housing.
* New tenant in Lot 1 is planning to pay off the unit and convert to lot rent only. (Details on the home sale can be discussed during marketing process.)
PROPERTY FACTS
| Price | $1,721,638 CAD | Property Subtype | Manufactured Housing/Mobile Home |
| Price Per Unit | $57,388 CAD | Lot Size | 6.65 AC |
| Sale Type | Investment | Building Size | 27,000 SF |
| No. Units | 30 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1965 |
| Zoning | HI | ||
| Price | $1,721,638 CAD |
| Price Per Unit | $57,388 CAD |
| Sale Type | Investment |
| No. Units | 30 |
| Property Type | Multifamily |
| Property Subtype | Manufactured Housing/Mobile Home |
| Lot Size | 6.65 AC |
| Building Size | 27,000 SF |
| No. Stories | 1 |
| Year Built | 1965 |
| Zoning | HI |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 30 | - | - |
1 1
PROPERTY TAXES
| Parcel Number | 0040E-009 01 | Improvements Assessment | $8,264 CAD |
| Land Assessment | $21,658 CAD | Total Assessment | $29,922 CAD |
PROPERTY TAXES
Parcel Number
0040E-009 01
Land Assessment
$21,658 CAD
Improvements Assessment
$8,264 CAD
Total Assessment
$29,922 CAD
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146 David St
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