146 David St Immeuble residentiel 30 lots 1 095 275 € (36 509 €/Lot) Adel, GA 31620

Aline Capital’s MHRV team is pleased to offer our Broker opinion of value for Adel MHC. An opportunity to acquire a well-maintained 30-pad mobile home community located
in the city of Adel, Georgia—a growing market in South Georgia known for its affordability and stable tenant base. The park is predominantly tenant-owned, with 26 out of
30 homes owned by residents*, minimizing management intensity and maintenance costs.
Situated on approximately 5.85 acres, the community benefits from full city water and sewer service, both directbilled to tenants, as well as tenant-billed trash service, which results in minimal utility expense to ownership. The property’s strong occupancy and low turnover create consistent cash flow, with additional upside through the lease-up of two vacant pads and gradual rent adjustments to market levels.
Inspite of the recent fifty-two million dollar expansion of Medical Center infrastructure, and the Walmart Supercenter now located in Adel, Lot rents remain below regional market averages. This provides investors with an immediate path to increased returns through rent optimization. The two vacant pads offer additional income potential with minimal capital outlay, as infrastructure is already in place. With its high percentage of tenant-owned homes and direct-billed utilities, the park is positioned as a low maintenance, high-yield asset in a market demonstrating steady demand for affordable housing.
* New tenant in Lot 1 is planning to pay off the unit and convert to lot rent only. (Details on the home sale can be discussed during marketing process.)