7 Park Portfolio - Savannah, GA Region — Sale in Jesup, GA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Jesup, GA 31545
  • Year built: 1990

Photos

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Description

Marcus & Millichap is pleased to present this cash-flowing, stabilized-with-upside 224-unit, 214-lot, manufactured housing community portfolio located within the Savannah, GA Region. This seven-park portfolio offers investors a rare opportunity to acquire scaled manufactured housing exposure in one of Coastal Georgia’s most fundamentally sound and supply-constrained workforce housing corridors, with meaningful upside available through below-market rent normalization, vacancy lease-up, and continued organic rent growth supported by strong regional demand fundamentals. Portfolio Composition The portfolio totals 224 manufactured home units across seven communities, comprised of 190 park-owned homes (POH), 10 of which are duplex models (20 units), 12 tenant-owned homes (TOH), 10 vacant park-owned homes, and 12 vacant lots. The average TOH monthly lot rent is $364, and the average all-in POH rent of approximately $930 per month, well below competing conventional apartment and single-family rental alternatives throughout the submarket. Park-owned homes average a 2002 model year with 65 newer homes (2019-2026), providing a functional, rentable asset base with clearly identified value-add potential through targeted capital improvement and rent-to-market execution. The portfolio generates $1,243,185 of NOI on a trailing-one-month annualized basis from the June 2026 rent roll. Infrastructure Six parks are served by well & septic with both being billed back to tenants; Victory Village is served by public water and sewer and is also billed back to the tenants. Electricity is public utility billed directly to tenants at all seven parks. Trash removal is provided via curbside bins billed back to tenants portfolio-wide. Roads are gravel at all parks except Victory Village and Pine Meadows which is paved. Pleasant Oaks is in a partial flood zone (Flood Zone X, 500 Year Low Risk); the remaining six parks are not in a flood zone. Offer Requirements We are asking investors to submit t

Market Context

This multifamily in Jesup, GA is listed for sale. The building dates to 1990. Compare it against other multifamily listings for sale in Jesup, GA — view the full market.

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