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Pinederosa Mobile Home Park 3819 Karleen Rd 60 Unit Mobile Home Park $2,747,440 CAD ($45,791 CAD/Unit) 6.49% Cap Rate Hephzibah, GA 30815
Investment Highlights
- Value-Add Asset: Recent improved community with value-add opportunity.
- All-Age Community: All-age, family-oriented community
- Strong Market: Major nearby employers include Fort Eisenhower and Augusta University Medical Center
- 43% Occupied: Immediate upside with lease-up of the vacant lots and vacant units.
- Lease-Up Vacant Spaces: New tenant rents achieving up to $400 per month.
- Immediate Upside: Near-term growth potential through infilling vacant sites and leasing up POH's.
Executive Summary
Jennifer Stein Real Estate, in conjunction with CRI Real Estate, is pleased to present Pinederosa Park — a 60-pad manufactured housing community in the greater Augusta, Georgia metro area offering a compelling value-add opportunity with rare, investor-friendly seller financing.
The property is 43% occupied with 26 of 60 sites filled — 14 park-owned homes (POH) and 12 tenant-owned homes (TOH). The remaining 34 sites are vacant and utility-ready: 20 have homes available and 14 are open pads. An investor has the ability to more than double occupied site count with no major infrastructure investment, creating a clear and executable path to significantly higher NOI.
The seller is offering owner financing, preserving capital and maximizing early cash-on-cash returns. For qualified buyers, the seller is also open to creative financing structures — a distinct advantage in today's lending environment
Augusta's strong demand for affordable housing provides a deep prospective tenant pool, including residents qualifying for Section 8 and other housing assistance programs, supporting a reliable lease-up trajectory.
Pinederosa Park presents a rare combination of immediate income potential, significant occupancy upside, and flexible seller financing — making this an exceptional opportunity for investors looking to acquire a well-positioned asset on favorable terms.
The property is 43% occupied with 26 of 60 sites filled — 14 park-owned homes (POH) and 12 tenant-owned homes (TOH). The remaining 34 sites are vacant and utility-ready: 20 have homes available and 14 are open pads. An investor has the ability to more than double occupied site count with no major infrastructure investment, creating a clear and executable path to significantly higher NOI.
The seller is offering owner financing, preserving capital and maximizing early cash-on-cash returns. For qualified buyers, the seller is also open to creative financing structures — a distinct advantage in today's lending environment
Augusta's strong demand for affordable housing provides a deep prospective tenant pool, including residents qualifying for Section 8 and other housing assistance programs, supporting a reliable lease-up trajectory.
Pinederosa Park presents a rare combination of immediate income potential, significant occupancy upside, and flexible seller financing — making this an exceptional opportunity for investors looking to acquire a well-positioned asset on favorable terms.
Property Facts
| Price | $2,747,440 CAD | Building Class | C |
| Price Per Unit | $45,791 CAD | Lot Size | 26.04 AC |
| Sale Type | Investment | Building Size | 1,500 SF |
| Cap Rate | 6.49% | Average Occupancy | 43% |
| No. Units | 60 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1986 |
| Property Subtype | Manufactured Housing/Mobile Home | ||
| Zoning | A - Agricultural | ||
| Price | $2,747,440 CAD |
| Price Per Unit | $45,791 CAD |
| Sale Type | Investment |
| Cap Rate | 6.49% |
| No. Units | 60 |
| Property Type | Multifamily |
| Property Subtype | Manufactured Housing/Mobile Home |
| Building Class | C |
| Lot Size | 26.04 AC |
| Building Size | 1,500 SF |
| Average Occupancy | 43% |
| No. Stories | 1 |
| Year Built | 1986 |
| Zoning | A - Agricultural |
Somewhat walkable
30/100
Very drivable
80/100
Somewhat bikeable
20/100
Contacts
-
Jennifer Stein Real Estate Inc Jennifer Stein -
Thomas
Beniamen
-
Nolan
Rockwell
- Jennifer Stein Real Estate Inc
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Pinederosa Mobile Home Park | 3819 Karleen Rd
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