Pinederosa Park | MHP
About the property
Jennifer Stein Real Estate, in conjunction with CRI Real Estate, is pleased to present Pinederosa Park — a 60-pad manufactured housing community in the greater Augusta, Georgia metro area offering a compelling value-add opportunity with rare, investor-friendly seller financing.
The property is 43% occupied with 26 of 60 sites filled — 14 park-owned homes (POH) and 12 tenant-owned homes (TOH). The remaining 34 sites are vacant and utility-ready: 20 have homes available and 14 are open pads. An investor has the ability to more than double occupied site count with no major infrastructure investment, creating a clear and executable path to significantly higher NOI
The seller is offering owner financing, 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 provides a deep prospective tenant pool, including residents qualifying for Section 8 and other housing assistance programs, supporting a reliable lease-up trajectory.
Pinederosa Park presents a rare combination of immediate income potential, significant occupancy upside, and flexible seller financing — making this an exceptional opportunity for investors looking to acquire a well-positioned asset on favorable terms.
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Investment Highlights
- Value-Add Asset: Recent improved community with value-add opportunity.
- 43% Occupied: Immediate upside with lease-up of the vacant lots and vacant units.
- All-Age Community: All-age, family-oriented community
- Lease-Up Vacant Spaces: New tenant rents achieving up to $400 per month.
- Strong Market: Major nearby employers include Fort Eisenhower and Augusta University Medical Center
- Immediate Upside: Near-term growth potential through infilling vacant sites and leasing up POH's.
- Expansion or infill potential
- High demand asset class
- Limited local competition
- Resilient cash flow profile
- Expense optimization potential
- Stable tenant base
- Flexible hold strategy
- Favorable demographics
- NOI growth opportunities
- Defensive market performance
- Long-term income stability
Offering Memorandum
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