863 Lee Road 234, Phenix City, Alabama 36870

AL, Phenix City
$2,150,000
  • Active Status
  • 33 Dayz On Cribz Total Days
  • Residential Income Property Type
  • 25000 Total Sqft $86/sqft
  • 2001 Year Built
  • Mortgage Wizard 3000 Advanced Breakdown
Property Description

https://pineviewmobilehomeparks.sharplaunch.com/

MRG is pleased to present the Pineview MHP Portfolio, a 52-pad manufactured housing portfolio spanning five properties across Phenix City, Alabama, and Ellaville, Georgia. This portfolio offers a compelling combination of immediate in-place cash flow and significant value-add potential through the lease-up of vacant pads and the opportunity to increase below-market rents over time as units turn. Recent capital improvements have reduced near-term deferred maintenance needs, allowing a new owner to focus on operational execution and revenue growth. Spanning two states, the portfolio provides geographic diversification while offering an attractive basis for a multi-property acquisition with both stable income and meaningful upside.

Value-add lease-up opportunity — approximately 10 of 52 pads are currently vacant or under-utilized, offering meaningful upside as they’re brought online

Wide rent spread across occupied units ($350–$1,150/month) signals room to push below-market rents up to comps at turnover or renewal

Attractive basis at roughly $41,300 per pad and ~7x gross rental income — a low entry point for a 52-pad, 5-property portfolio

Trash expenses are now being billed back to the tenant.

Recent capital investment in septic systems, roofing, plumbing, road work, and unit renovations reduces near-term deferred maintenance risk

Two-state, two-submarket footprint (Phenix City, AL and Ellaville, GA) spreads geographic and regulatory risk beyond just tenant-level diversification

call drew lekowski for details 615-522-3973

Property Details
  • Property Type: Residential Income
  • Listing Type: For Sale
  • MLS #: 3261932
  • Price: $2,150,000
  • Square Footage: 25,000 Sqft
  • Year Built: 2001
  • Office Name: MRG Realty Partners
  • Agent Name: Drew Lekowski
  • Property Attached: Yes
  • Listing Status: Active
Location Info
  • Street Number: 863
  • Street: Lee Road 234
  • City Phenix City
  • State AL
  • Zipcode 36870
  • County Lee County, AL
  • Subdivision None
  • Longitude: W86° 53' 49.5''
  • Latitude: N32° 30' 9.4''
  • Zoning: MHP
  • Directions: None
Features
  • Heating System Central
  • Cooling System Central Air
  • Flooring Wood
  • Sewer Septic Tank
Schools
  • Elementary School: Auburn Early Education Center
  • Middle School: Auburn Junior High School
  • High School: Auburn High School
Additional Info
  • Water Source: Well
  • Building Size: 25,000 Sqft
  • Construction Materials: Vinyl Siding
  • Levels: One
  • Number Of Units Total: 52
  • On Market Date: July 6th, 2026
  • Previous Price: $2,150,000
  • Rent Includes: Electricity,Gas,Water
  • Stories: 1
Financial
  • Annual Tax Amount: $9,010
Listing Data
  • Co List Agent Full Name: Tony Puglisi
  • Co List Office Name: MRG Realty Partners
  • Mls Status: Active
  • Originating System Name: RealTracs
  • Special Listing Conditions: Standard
  • Modification Timestamp: Jul 25th, 2026 @ 4:36pm
  • Status Change Timestamp: Jul 6th, 2026 @ 11:19pm
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