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Pinederosa Mobile Home Park 3819 Karleen Rd 60 Unit Mobile Home Park $2,616,490 CAD ($43,608 CAD/Unit) 8.37% Cap Rate Hephzibah, GA 30815
Investment Highlights
- Value-Add Asset: Recently improved community priced at $1,900,000 ($31,667 per site) with seller financing.
- All-Age Community: All-age, family-oriented community on ±31 acres, plus ±5 acres of undeveloped land.
- Seller Financing: $700,000 down at 6% interest-only; creative structures considered for qualified buyers.
- 48% Occupied: 29 of 60 sites filled — immediate upside through lease-up of 16 move-in-ready POHs and 15 vacant pads
- 8.37% Going-In Cap: $158,992 Year 1 NOI with a path to $500K+ stabilized NOI (11%+ on all-in basis).
- Strong Market: Major nearby employers include Fort Eisenhower and Augusta University Medical Center; Section 8 vouchers at $1,261/mo
Executive Summary
Jennifer Stein Real Estate, in conjunction with CRI Brokerage, is pleased to present Pinederosa Park — a 60-site manufactured housing community in the greater Augusta, Georgia metro, offered at $1,900,000 ($31,667 per site) with rare, investor-friendly seller financing.
The property is 48% occupied, with 29 of 60 sites filled — 16 park-owned homes (POH) and 13 tenant-owned homes (TOH) — producing $158,992 in Year 1 NOI, an 8.37% going-in cap rate. The remaining 31 sites are vacant and fully utility-ready: 16 have park-owned homes in place ready for lease-up and 15 are open pads. An investor can more than double the paying site count with no major infrastructure investment — a clear, executable path to a stabilized NOI in excess of $500,000, an 11%+ yield on all-in basis including infill costs.
The seller is offering owner financing with $700,000 down at 6% interest-only, 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 — anchored by Fort Eisenhower and Augusta University Medical Center — provides a deep prospective tenant pool, including residents qualifying for Section 8 vouchers at $1,261/month, supporting a reliable lease-up trajectory. An additional ±5 acres of undeveloped land conveys with the sale, offering future expansion upside.
Pinederosa Park presents a rare combination of in-place income, significant occupancy upside, and flexible seller financing — an exceptional opportunity to acquire a well-positioned asset on favorable terms.
The property is 48% occupied, with 29 of 60 sites filled — 16 park-owned homes (POH) and 13 tenant-owned homes (TOH) — producing $158,992 in Year 1 NOI, an 8.37% going-in cap rate. The remaining 31 sites are vacant and fully utility-ready: 16 have park-owned homes in place ready for lease-up and 15 are open pads. An investor can more than double the paying site count with no major infrastructure investment — a clear, executable path to a stabilized NOI in excess of $500,000, an 11%+ yield on all-in basis including infill costs.
The seller is offering owner financing with $700,000 down at 6% interest-only, 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 — anchored by Fort Eisenhower and Augusta University Medical Center — provides a deep prospective tenant pool, including residents qualifying for Section 8 vouchers at $1,261/month, supporting a reliable lease-up trajectory. An additional ±5 acres of undeveloped land conveys with the sale, offering future expansion upside.
Pinederosa Park presents a rare combination of in-place income, significant occupancy upside, and flexible seller financing — an exceptional opportunity to acquire a well-positioned asset on favorable terms.
Property Facts
| Price | $2,616,490 CAD | Building Class | C |
| Price Per Unit | $43,608 CAD | Lot Size | 36.00 AC |
| Sale Type | Investment | Building Size | 1,500 SF |
| Cap Rate | 8.37% | Average Occupancy | 48% |
| No. Units | 60 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1986 |
| Property Subtype | Manufactured Housing/Mobile Home | ||
| Zoning | A - Agricultural | ||
| Price | $2,616,490 CAD |
| Price Per Unit | $43,608 CAD |
| Sale Type | Investment |
| Cap Rate | 8.37% |
| No. Units | 60 |
| Property Type | Multifamily |
| Property Subtype | Manufactured Housing/Mobile Home |
| Building Class | C |
| Lot Size | 36.00 AC |
| Building Size | 1,500 SF |
| Average Occupancy | 48% |
| No. Stories | 1 |
| Year Built | 1986 |
| Zoning | A - Agricultural |
Somewhat walkable
30/100
Very drivable
80/100
Somewhat bikeable
20/100
Contacts
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Thomas Beniamen -
Nolan Rockwell -
Dylan Brazil -
Pierce Brazil -
Dimitre Petrov -
Commercial Real Estate Investors Inc
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Pinederosa Mobile Home Park | 3819 Karleen Rd
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