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    64 Kingston Ave McRae-Helena, GA 31037

    For Sale
    $1,190,000

    Georgia Mobile Home Park, 7.35% Cap Rate

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional investment opportunity presents Helena MHP, a 39-pad mobile home park situated on 5.92 acres in McRae-Helena, Georgia (zip code 31037). Built in 1980, the park boasts a diverse tenant base, including rent-to-own homes, vacant park-owned homes, and vacant pads, offering immediate income and significant upside potential. The current Net Operating Income (NOI) stands at $73,890, yielding a compelling 7.35% capitalization rate at an asking price of $1,190,000. The park's operational efficiency is enhanced by direct tenant billing for electricity, while the city provides water and sewer services, minimizing overhead costs. Located in a steadily growing area known for its affordable living and proximity to major regional hubs, Helena MHP benefits from consistent demand for affordable housing. The park's strategic location and the strong market fundamentals for manufactured housing create a compelling investment opportunity with potential for both stable income and future value appreciation through increased occupancy and rent adjustments. This property offers a blend of immediate cash flow and long-term growth prospects in a thriving market. The address is 64 Kingston Ave.

    Property Features for 64 Kingston Ave

    General Information

    Property type
    Multifamily properties
    Lot Size
    257,875 SF

    Building Details

    Year Built
    1980

    HighLights

    • Strong tenant mix provides stable income and future rent growth potential.
    • Significant upside potential through increased occupancy and rent increases.
    • Helena's desirable location offers strong long‑term investment potential.
    • Low operating costs due to tenant‑paid electricity and city‑provided water/sewer.
    Property Profile Location Intelligence

    Current Use by Public Records

    Mobile home & RV ...

    Suggested Use

    Restaurant Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Pharmacy Auto Parts Store Clothing Store Department Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    McRae-Helena
    County
    Telfair
    State
    Georgia
    Longitude
    -82.9212814
    Latitude
    32.0746201

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    FAQs

    What type of property is this?
    Multifamily property - Georgia Mobile Home Park, 7.35% Cap Rate
    Where is this multifamily property located?
    The property is located at 64 Kingston Ave McRae-Helena, GA.
    What is the asking price?
    The asking price for this property is $1,190,000.
    What are key features of this property?
    This property features: Strong tenant mix provides stable income and future rent growth potential.; Significant upside potential through increased occupancy and rent increases.; Helena's desirable location offers strong long-term investment potential.
    Request Owner's contact information
    64 Kingston Ave McRae-Helena, GA 31037
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    64 Kingston Ave McRae-Helena, GA 31037
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