158 Cliff Mitchell Rd - Manufactured Housing/Mobile Housing FOR SALE


Picayune, MS 39466
$10,500,000 USD
228-369-8160
158 Cliff Mitchell Rd, Picayune, MS for Sale
$10,500,000 USD
Manufactured Housing/Mobile Housing - FOR SALE
1/28
null | 7% Cap Rate

158 Cliff Mitchell Rd
Picayune, MS 39466


HIGHLIGHTS

  • High Growth Area With Ability To Scale
  • Operationally Turn-Key & 100% Cashless
  • City Utilities

OVERVIEW

Tiny Home Apartment Rentals is a 101-unit, park-owned community situated on 25.2 acres just off Interstate 59 at Exit 1 in one of Mississippi’s fastest-growing counties. Strategically positioned in a renter-dense corridor, this fully occupied, cash-flowing asset offers stable returns, short-term rental upside, and long-term growth potential. Property & Operational Highlights 101 units: 70 Tiny Homes, 7 Apartments, 12 Duplexes (24 doors total) All homes park-owned and built within the last 4 years — low maintenance costs Fully cashless rent collection: 80% auto-draft, 20% money order Tenant-paid utilities (electric individually metered; water master metered) Current occupancy: 87% Connected to city utilities and located outside the flood zone On-site office with room for future expansion Income & Performance Gross Potential Rental Income: $100,600/month Additional laundry income (with capacity to expand W/Ds) Short-Term Rental Flexibility 5 Tiny Homes enrolled in Evolve’s short-term rental program (10% management fee) Average Daily Rate (ADR): $78.72 Opportunity to expand short-term rental program further Capitalize on regional tourism from: Crusin’ The Coast (100,000+ attendees) Peter Anderson Festival (150,000+ visitors) Jeepin’ The Coast, Scrapin’ The Coast, and more Less than 1 hour to New Orleans and 30 miles from MS Gulf Coast beaches Economic Growth & Market Demand Located in a high-growth area with strong public infrastructure investment Supported by state and local economic development grants Nearby Major Employers Ochsner Medical Center Hollywood Casino & Resort Picayune Industrial Park Stennis Space Center Pearl River Community College This offering presents a rare opportunity to acquire a stabilized, income-generating asset with built-in operational efficiencies and untapped value-add potential in a growing Gulf South market.

FOR SALE DETAILS

PRICE

$10,500,000 USD

PRICE/SF

$2,100 USD /SF

# OF UNITS

101

PRICE/UNIT

$103,960

CAP RATE

7%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Manufactured Housing/Mobile Housing

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2016

PARKING SPACES

-

LAND DETAILS

LAND ACRES

25.2 AC

LAND SF

1,097,712 SF

ZONING

-

APN/PARCEL ID

7-17-2-04-000-000-0100

ASK ABOUT THIS PROPERTY

Wilson KahlmusKahlmus CommercialMore Info
228-369-8160

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Wilson KahlmusKahlmus CommercialMore Info
228-369-8160

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.