Peachtree Park MHC is an all-age,
33-site manufactured housing
community with a strong economic
occupancy of 94%, ideally located
in Warner Robins, GA.
– Peachtree Park MHC is an all-age, 33-site manufactured
housing community with a strong economic occupancy
of 94%, ideally located in Warner Robins, GA.
– The offering includes 17 park-owned homes, of which
16 are currently occupied as pure rentals averaging
$420 for the home rent portion. The inventory homes
are in great shape and consist of a mix of SW and DW
with an average year built of 1992.
– Value-add opportunity to raise lot rents to boost
revenue. According to the rent comps on page 4, the
average adjusted site rent for comparable properties is
$504 versus $379 at the subject community. Moving
all tenants up to market rent at current occupancy
levels would add over $40,000 in additional annual site
rental revenue.
– Further value-add opportunity to install submeters and
start billing tenants back for their water usage.
– Since purchasing the asset 2 years ago, the seller has
invested over $100K in capital improvements including
road repairs (poured new concrete and resealed the
roads), septic replacement, electrical upgrades, and
major home rehabs. 14 of the park-owned homes have
been thoroughly rehabbed over the last 24 months,
including new flooring and subflooring, new paint,
refinished cabinets, and plumbing/electrical touch-ups.
– The community features a low-density, attractive layout
with off‑street parking and shaded trees throughout.
– There is a strong demand for affordable housing in this
market. Within a 10-mile radius of the community, the
total population is 181,503 with an average household
income of $93,829 and average home values
of $284,695.