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 $171,267 in 2025 NOI, an 9.01% 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 of $400,000, an 13%+ 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. 

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