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Tennessee & Georgia MHC Portfolio 2 Multifamily Properties Offered at $2,244,487 CAD in Multiple Locations
Executive Summary
Excellent opportunity to acquire a two-park manufactured housing portfolio consisting of 29 lots and 27 park-owned homes across three locations in Dayton, Tennessee, and Armuchee, Georgia. The portfolio is offered at $1,598,000 and may be purchased together or individually.
The Armuchee property is fully stabilized at 100% occupancy, providing immediate cash flow, while the two Dayton properties offer meaningful value-add potential through lease-up, home renovations, and rent optimization. Upon stabilization, the portfolio is projected to generate approximately $156,942 in NOI, representing an attractive 9.8% blended cap rate.
Additional upside may exist through the development of eight or more new homesites at the Dayton property, subject to buyer verification and governmental approvals. With strong in-place income, multiple paths to increase revenue, and potential seller financing, this portfolio presents a compelling opportunity for an investor seeking both current yield and long-term appreciation in growing Southeast markets.
The Armuchee property is fully stabilized at 100% occupancy, providing immediate cash flow, while the two Dayton properties offer meaningful value-add potential through lease-up, home renovations, and rent optimization. Upon stabilization, the portfolio is projected to generate approximately $156,942 in NOI, representing an attractive 9.8% blended cap rate.
Additional upside may exist through the development of eight or more new homesites at the Dayton property, subject to buyer verification and governmental approvals. With strong in-place income, multiple paths to increase revenue, and potential seller financing, this portfolio presents a compelling opportunity for an investor seeking both current yield and long-term appreciation in growing Southeast markets.
Property Facts
| Price | $2,244,487 CAD | Number of Properties | 3 |
| Price / SF | $172.65 CAD / SF | Individually For Sale | 0 |
| Cap Rate | 9.82% | Total Building Size | 13,000 SF |
| Sale Type | Investment | Total Land Area | 3.29 AC |
| Status | Active |
| Price | $2,244,487 CAD |
| Price / SF | $172.65 CAD / SF |
| Cap Rate | 9.82% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 13,000 SF |
| Total Land Area | 3.29 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 3020 Old Summerville Rd, Armuchee, GA 30105 | Multifamily | 13,000 SF | 1970 | - |
| 2436 Pierce Hill Rd, Dayton, TN 37321 | Multifamily | - | 1950 | - |
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Tennessee & Georgia MHC Portfolio
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